Hutchinson Technology Adopts Replacement Share Rights Plan
In certain circumstances, at the option of the Board of Directors, Hutchinson Technology may exchange the rights for shares of its common stock, delay or temporarily suspend the exercisability of the rights, or reduce the stock-ownership threshold of 15 percent to not less than 10 percent.
At the option of the Board of Directors, the company may redeem the rights at $.001 per right (subject to adjustment) at any time before a person or group becomes the beneficial owner of at least 15 percent of the company's common stock.
About Hutchinson Technology
Hutchinson Technology is a global technology leader committed to creating value by developing solutions to critical customer problems. The company's Disk Drive Components Division is a leading worldwide supplier of suspension assemblies for disk drives. The company's BioMeasurement Division is focused on bringing new technologies and products to the market that provide information clinicians can use to improve the quality of health care and reduce costs.
CONTACT: Hutchinson Technology Inc. Investor Contact: Chuck Ives 320-587-1605 Media Contact: Connie Pautz 320-587-1823
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