March Sets Up Poison Pill, Impact on Future Acquistion

Author: John Honovich, Published on Jul 26, 2010

March Networks has set up a "Shareholder's Rights Plan," more commonly referred to as a "Poison Pill." Such plans/pills can provide protection or negotiation advantages if or when an acquisition occurs.

According to March, the plan "provide the board of directors of March Networks and the shareholders more time to consider fully any unsolicited take-over bid for the Corporation.  It will also allow more time for the board of directors to pursue other alternatives to maximize shareholder value, if appropriate."

** ** *********** **** *** **** *** ****'* ********** ** a '********* ***', ******** ************ ***** **** *** ***** ** buy "****** ** * ** ******* ******** ** *** ****** ***** at *** ****." **** ***** ************** ******** *** *********** **** and ******* ******** *************.

***** **** ***** ** ** ********* ** **** ***** ******** in ***********: "*** ****** **** *** *** **** ******* ** ******** ** any ******** ******** ** ******* ******* ** *** ***********, *** is *** *********** ***** ** *** **** *********."

** *** ***** ****, ***** ******** ** ****** ** **** we ***** **** ** * ***** ****** *** ***********:

  • *****'* ******* ***** ************** ($** ******* ***) ** ************* **** than ******* ($** ******* ***) - ************ *******
  • *****'* **** ********* (~$** ******* ***) *** ***** ** *** market ************** ($** ******* ***) - ********** *****
  • *****'* ***** ** **** **% ***** **** ($**.** *** ***** in ******** **** **. $*.** **** ****)
  • ******* ****, *****'* ********** *** ****** ******** *** ***** *********** and ************** ** ** *****
  • ************* * ***** ** ***** ******* (******)** **** *** *** *** * ****** ** **/** ******* and *** ******** ** ********** *** **********/*********

***** *** ***** *****, **** ** **** *** ******* ******, it ** ***** ********* **** *** ******* ***** ***** * strong **********.

*** ***** **** ** ******* ***** ** ** *********** ******** as ****. ***** *** ******* ** *****'* ******** *********, ** think ** *********** ** * ***** ************ ********* (****, ******, Honeywell, **** *****) ***** ** ********* **** ***** ********* ******** products. *******, ***** ***** **** **** ***** *** ** ** company ******* ** ***** *** ****** ********** *****'* ******** ********* (e.g., ***, **, ***.). **** ***** ****, *** ******** ** potential ********* ** ****** ***********.

******: **** * ****** *****, ***** *** ******** ** ********

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports on Acquisition

The Hot RMR Company - Electric Guard Dog on Feb 22, 2017
The financiers at the Barnes Buchanan conference praised a company named 'Electric Guard Dog'. While the name sounds fairly low tech, the money and...
$18.7M PSIM Acquisition Examined (IDV / Everbridge) on Feb 06, 2017
This may be the biggest deal for a PSIM developer ever. In a segment that has disappointed for more than a decade, a recent IPOed company has...
Veracity Acquires PSIM Manufacturer on Feb 03, 2017
Most well-known for their Ethernet extenders, with their own video surveillance storage offering, Veracity has now acquired a PSIM. UK-based...
Exacq 3 Co-Founders Exit on Jan 10, 2017
Exacq co-founders David Underwood and Daniel Rittman have exited the company. UPDATE: And a 3rd co-founder is now also leaving. In this note,...
5th Acquisition for ACRE, Adds ComNet on Dec 14, 2016
Mercury, Siemens Security, Vanderbilt, ACT and now ComNet. While other companies are trying to get out of security, emerging conglomerate ACRE...
Milestone Favorability Results on Dec 06, 2016
In our second installment of manufacturer favorability results (first was Pelco), we turn to Milestone. 100+ integrators rated and explained what...
FLIR Acquires Drone Manufacturer For $134M on Dec 01, 2016
FLIR has acquired Prox Dynamics, a Norwegian maker of small military-grade drones, for $134M.  FLIR president Andy Teich provided additional...
FLIR Buys Point Grey For $253M on Oct 04, 2016
FLIR's acquisition streak continues, announcing an acquisition of Point Grey Research for $253M in cash. Other notable FLIR deals include: FLIR...
Hiring Spree At Aimetis 6 Months After Being Acquired on Sep 28, 2016
Aimetis was acquired in April 2016, and is now expanding almost all of their departments, hiring employees from Axis and other industry...
1 New Acquisition Per Year Planned for Qognify (Former Nice Security) on Aug 23, 2016
Want to be acquired? Qognify, the former Nice Security Group, has big money behind it and the plans for multiple acquisitions. In this note, we...

Most Recent Industry Reports

Hikvision Pyronix Releases 'Huge' New Panel on Feb 27, 2017
Hikvision's 2016 acquisition Pyronix has been touting their 'huge' new large system panel. Indeed, the new Euro 280 claims features that are better...
Bosch Favorability Results on Feb 27, 2017
Bosch is one of the most well known brands in the industry and they have combined recently with Sony in video surveillance. But how has Bosch...
ADT CEO: My Daughters Better At Installs Than Most 20 Year Techs on Feb 27, 2017
Times have changed. At the Barnes Buchanan conference, ADT's CEO Tim Whall made an interesting and, surely to some, controversial observation....
Avigilon Favorability Results on Feb 27, 2017
One of the fastest growing companies has turned into one of the rockiest, as cooling growth, management turnover and a roller coaster stock price...
Honeywell Sues Alarm.com For Violating Anti-Trust Laws on Feb 24, 2017
Is Alarm.com about to dominate the smart home software market? That is what Honeywell alleges in its new lawsuit, first reported by...
Axis: "Everything is IP" - False on Feb 24, 2017
Axis is congratulating itself, with executive Fredrick Nilsson declaring: "Now the conversion is all done and everything is IP and analog is...
Advertising Like Avigilon at the ISC West Airport on Feb 24, 2017
Avigilon has grabbed a lot of attention over the last few years advertising at the Las Vegas airport when attendees fly in. But how does that...
Artificial Intelligence Robot Assistant (ACTi) on Feb 23, 2017
Has artificial intelligence come to the video surveillance industry? ACTi has released 'SARA' which it bills as an 'AI assistant that brings...
Cutting Costs 70% Using Milestone With HD Analog on Feb 23, 2017
HD analog and enterprise VMSes are often thought of as being on opposite sides of the spectrum, with HD analog best for small jobs due to its low...
Dahua 4K HD Analog Cameras Announced on Feb 23, 2017
HD analog has been gaining popularity (even if Axis hopes otherwise). Last year, HD analog's max resolution doubled from 1080p to 4MP (see our 4MP...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact