Titan Medical Inc (TMDIF)

[Bristol19]

Interesting yes.
Why does a company really adopt a plan like this?

1. Altruism, they just want their shareholders to get a fair shake?

2. Limit potential lawsuits, in the event a takeover prompts shareholder legal actions rooted in perceived unfairness with the deal?

3. Create more favorable conditions for themselves during negotiations?

I'm cynical enough to drop #1 as the reason.