I am trying to go back and DD this. Anyone?
""The plan provides our Board of Directors flexibility in
dealing with any takeover action that might occur," said Shirman.
"It would not impede any transaction that the Board feels is in the
best interests of VideoLan and its shareholders. On the other
hand, the dilutive consequences of triggering the rights should be
a deterrent to actions that are not in the best interests of
VideoLan and its shareholders."
The issuance of rights has no financial effect on VideoLan, is
not dilutive to shareholders, is not taxable to the Company or its
shareholders, and will not change the way in which VideoLan common
shares are traded. Rights are not exercisable until the
distribution date and will expire at the close of business on
February 8, 2007, unless earlier redeemed by the Company
