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Rights Agreement

 

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Title:

Rights Agreement

Entities:

K-Tron International, Inc.

Date:

2001

Size:

Preview shows 6KB of 173KB total

Price:

$54

ID:

#1139595

 

 

► Corporate ► Rights Agreements
► Technology ► Scientific & Technical Instruments

 

 

Start of Preview


                           K-TRON INTERNATIONAL, INC.


AND

AMERICAN STOCK TRANSFER & TRUST COMPANY,

AS RIGHTS AGENT

RIGHTS AGREEMENT
DATED AS OF OCTOBER 16, 2001
<PAGE>
TABLE OF CONTENTS

<TABLE>
<CAPTION>
PAGE

<S> <C> <C>
Section 1. Certain Definitions......................................................1

Section 2. Appointment of Rights Agent..............................................4

Section 3. Issuance of Rights Certificates..........................................4

Section 4. Form of Rights Certificates..............................................6

Section 5. Countersignature and Registration........................................6

Section 6. Transfer, Split-Up, Combination and Exchange of
Rights Certificates; Mutilated, Destroyed, Lost
or Stolen Rights Certificates............................................7

Section 7. Exercise of Rights; Purchase Price; Expiration Date of Rights............8

Section 8. Cancellation and Destruction of Rights Certificates.....................10

Section 9. Reservation and Availability of Capital Stock;
Registration of Securities..............................................10

Section 10. Capital Stock Record Date...............................................11

Section 11. Adjustment of Purchase Price, Number and Kind of Shares or
Number of Rights........................................................12

Section 12. Certificate of Adjusted Purchase Price or Number of Shares..............19

Section 13. Consolidation, Merger or Sale or Transfer of Assets, Cash
Flow or Earning Power...................................................19

Section 14. Fractional Rights and Fractional Shares.................................22

Section 15. Rights of Action........................................................23

Section 16. Agreement of Rights Holders.............................................23

Section 17. Rights Certificate Holder Not Deemed a Shareholder......................24

Section 18. Concerning the Rights Agent.............................................24

Section 19. Merger or Consolidation or Change of Name of Rights Agent...............25

Section 20. Duties of Rights Agent..................................................25

Section 21. Change of Rights Agent..................................................27

Section 22. Issuance of New Rights Certificates.....................................28

Section 23. Redemption and Termination..............................................29

Section 24. Exchange................................................................30

Section 25. Notice of Certain Events................................................31

Section 26. Notices.................................................................31

Section 27. Supplements and Amendments..............................................32

Section 28. Successors..............................................................32

Section 29. Determinations and Actions by the Board of Directors, etc...............33
</TABLE>


i
<PAGE>
TABLE OF CONTENTS

<TABLE>
<CAPTION>
PAGE

<S> <C> <C>
Section 30. Benefits of this Agreement..............................................33

Section 31. Severability............................................................33

Section 32. Governing Law...........................................................34

Section 33. Counterparts............................................................34

Section 34. Descriptive Headings....................................................34


Exhibit A - Resolution of the Board of Directors with respect to Series
B Junior Participating Preferred Shares

Exhibit B - Form of Rights Certificate

Exhibit C - Form of Summary of Rights
</TABLE>


ii
<PAGE>
RIGHTS AGREEMENT

RIGHTS AGREEMENT, dated as of October 16, 2001 (the
"Agreement"), between K-TRON INTERNATIONAL, INC., a New Jersey corporation (the
"Company"), and AMERICAN STOCK TRANSFER & TRUST COMPANY, a New York corporation
(the "Rights Agent").

W I T N E S S E T H

WHEREAS, on October 16, 2001 (the "Rights Dividend Declaration
Date"), the Board of Directors of the Company authorized and declared a dividend
distribution of one Right for each Common Share (as hereinafter defined) of the

 

End of Preview

 

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