Innospec Board OKs Poison Pill

NEWARK, Del. (AP) — Chemicals producer Innospec Inc. on Friday said its board approved a stockholder rights plan, often called a "poison pill," which is typically intended to protect a company from a hostile takeover bid.

Innospec said its plan "is designed to enable all Innospec stockholders to realize the full long-term value of their investment and to provide for fair and equal treatment for all stockholders in the event that an unsolicited attempt is made to acquire the company."

The chemicals industry has seen a handful of high-profile combinations in the past year, although the economic downturn has slowed activity. ...