This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mediabistro Inc. Announces Adoption Of Stockholder Rights Plans

Mediabistro Inc. (Nasdaq: MBIS), a leading Internet media company that provides services for social media, traditional media and creative professionals, as well as for innovators in the 3D printing and mobile app industries, today announced that, in response to recent unusual trading activity in its stock, its Board of Directors has approved the adoption of a stockholder rights plan under which stockholders of record on July 15, 2013, will receive rights to purchase shares of a new series of preferred stock in certain circumstances.

The rights plan is intended to protect the Company and its stockholders from efforts to obtain control of the Company that are inconsistent with the best interests of the Company and its stockholders.

Consistent with Mediabistro’s commitment to good corporate governance, the rights will expire in three years, and the Company intends to submit the rights plan for stockholder ratification within 12 months.

The rights will be exercisable if a person or group other than Chairman and Chief Executive Officer Alan M. Meckler, without Board approval, acquires 30% or more of Mediabistro’s common stock or announces a tender offer which results in the ownership of 30% or more of Mediabistro’s common stock. The rights also will be exercisable if a person or group other than Mr. Meckler that already owns 30% or more of Mediabistro’s common stock, without Board approval, acquires any additional shares (other than pursuant to a dividend or distribution paid or made by Mediabistro on the outstanding common stock or pursuant to a split or subdivision of the outstanding common stock). If the rights become exercisable, all rights holders (other than the person triggering the rights) will be entitled to acquire Mediabistro’s common stock at a 50% discount.

The rights will trade with Mediabistro’s common stock, unless and until they are separated upon the occurrence of certain future events. Mediabistro’s Board may terminate the rights plan or redeem the rights prior to the time the rights are triggered.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,778.37 -11.82 -0.07%
S&P 500 1,976.44 -3.48 -0.18%
NASDAQ 4,728.8240 -19.5370 -0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs