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News  ›  Benzinga

ORAMED PHARMACEUTICALS INC. DECLARES DIVIDEND DISTRIBUTION OF COMMON STOCK PURCHASE RIGHTS

Benzinga Logo Benzinga By Prnewswire
ORAMED PHARMACEUTICALS INC. DECLARES DIVIDEND DISTRIBUTION OF COMMON STOCK PURCHASE RIGHTS

Oramed Pharmaceuticals announced a Rights Plan to protect against hostile takeovers, distributing one common stock purchase right per outstanding share, with rights becoming exercisable if a person/group acquires 15% or more of outstanding stock.

Insights
O   positive

30-year dividend growth history, largest net lease REIT, diversified market exposure, and high 5.5% dividend yield


ORMP   neutral

The company is implementing a defensive strategy to protect shareholders by establishing a rights plan that ensures fair treatment in potential acquisition scenarios, without indicating immediate positive or negative business performance