HUTCHINSON, Minn., July 29, 2010 (GLOBE NEWSWIRE) -- The Board of Directors of Hutchinson Technology Incorporated (Nasdaq:HTCH) approved a share rights plan today that will replace an existing plan when it expires on August 10, 2010. Like the existing plan, the new share rights plan is intended to increase the likelihood that shareholders of Hutchinson Technology will realize the long-term value of their investment and that all shareholders will receive fair and equal treatment for all of their shares in the event of a takeover of the company. The new share rights plan was not adopted in response to any current takeover approach.
Hutchinson Technology Adopts Replacement Share Rights Plan
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