The Technology M&A and Activism and Takeover Defense teams advised KVH Industries (Nasdaq: KVHI) and its Board of Directors in the unanimous adoption of a limited duration stockholder rights plan. The Rights Plan is intended to enable all shareholders to realize the full value of their investment in the company. It is also intended to protect the company and its shareholders from efforts to obtain control of KVH that the Board determines are not in the best interests of the company and its shareholders.
The Rights Plan will give the Board sufficient time to carefully evaluate the best use of the proceeds from company’s recently announced sale of its inertial navigation business and examine all options for maximizing shareholder value.
KVH Industries is a global leader in mobile connectivity systems, with innovative technology designed to enable a mobile world. A market leader in maritime VSAT, KVH designs, manufactures, and provides connectivity and content services globally.
For additional details, please read the press release.