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Dissident Stockholders ‘Outraged’ at Surge ‘Poison Pill’ Tactic

Newsday

Dissident stockholders at Surge Components Inc. in a government filing Tuesday said they are “shocked and outraged” that the board of directors has adopted a “poison pill” that seeks to cap share purchases. A poison pill is a tactic used to avert takeovers deemed hostile by the board of directors...

Mentions: SEC Poison Pill Board of Directors