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Medifast adopts 'poison pill' to ward off takeover attempts

2014-08-29 19:15:26| Biotech - Topix.net

Weight-loss company Medifast, which makes products like Garlic Mashed Potatoes and Sour Cream and Chive Mashed Potatoes, announced a stockholder rights plan Thursday, Aug. 28. Medifast Inc. has moved to put a stockholder rights plan or "poison pill" in place that would make it hard for an outside company to execute a hostile takeover.

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Category:Biotechnology and Pharmaceuticals

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