fmahnke (97.22)

Oxymoronic Shareholders Rights Plan

January 01, 2010 – Comments (0) | RELATED TICKERS: MPR

Met-Pro Corp extends expiring shareholders' rights plan Co announces that at their December 11, 2009 meeting, its Board of Directors approved an amendment to the Company's January 6, 2000 Shareholders' Rights Plan. The amendment extends the expiration date of the Plan until January 14, 2020, unless redeemed earlier by the Company as provided for in the Plan, and sets the purchase price at fifty-seven dollars.

Thank goodness the Board has decided to protect their positions and the management team by ensuring against a hostile takeover,  Surely, nobody is going to buy this company for five times its current market value,  I like it in the sense that I'm thinking about shorting this stock and feel safer that the takeover risk associated with shorting such a small company has been eliminated.

 I just don't understand why they don't call it what it is,  Maybe a "managment employment guarantee progrmam" would sound better than a "Denial of Shareholder Value Plan"

Shamless,