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November 19, 2012
17:03 EDTCBPOChina Biologic adpots stockholder rights plan
China Biologic Products announced that its board of directors has adopted a stockholder rights plan. Pursuant to the plan, the company will issue a dividend of one right for each share of its common stock held of record by stockholders as of the close of business on November 30. The stockholder rights plan, which has a term of two years, is designed to guard against partial tender offers and other coercive tactics to gain control or undue influence of China Biologic without offering a fair and adequate price and terms to China Biologic's stockholders. The plan does not prevent China Biologic's board of directors from considering or accepting an offer to acquire China Biologic if the board believes that such action is fair, advisable and in the best interest of China Biologic's stockholders as a whole.
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