, a maker of nutritional oils and supplements, said its board approved a new stockholder rights agreement with a 20% trigger.
The new plan will be effective Feb. 7, the date Martek's existing rights agreement is set to expire.
Coinciding with the adoption of the new rights agreement, the company declared a distribution of one right for each of its shares outstanding. Martek said the rights will expire in February 2016.
Shares of Martek were gaining 5 cents to $28.21 Monday.
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