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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