Double-Take Software (DBTK) Adopts Shareholder Rights Plan
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Double-Take Software, Inc. (NASDAQ: DBTK) announced today that its Board of Directors has adopted a Shareholder Rights Plan with a duration of one year. The Rights Plan is not in response to any specific effort to acquire control of Double-Take Software, but is designed to deter coercive takeover tactics and to prevent an acquirer from gaining control of Double-Take Software without offering a fair price and terms to all of Double-Take Software's stockholders.
Double-Take Software, Inc. engages in the development, marketing, and support of data protection software solutions for disaster recovery and centralized backup.
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