Wednesday, Jul 27, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

First Energy to seek vote on takeover defense

AKRON - FirstEnergy Corp., parent of Toledo Edison Co., said yesterday that its board of directors is honoring the wishes of its shareholders and will submit any future shareholder-rights plan - commonly called "poison pill"- to a shareholder vote within a year of adoption.

At FirstEnergy's annual meeting last year, a majority of shareholders approved a measure to put poison pills, aimed at making takeovers more difficult, under tighter review, but the vote wasn't binding. The utility's board ended its earlier poison-pill plan in May, 2004.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…