Navigation Links
Providence Service Corporation Adopts Shareholder Rights Plan
Date:12/10/2008

Declares Dividend Distribution of Preferred Stock Purchase Rights

TUCSON, Ariz., Dec. 10 /PRNewswire-FirstCall/ --The Providence Service Corporation (Nasdaq: PRSC) today announced that its Board of Directors has adopted a shareholder rights plan under which all of its shareholders will receive rights to purchase shares of the Company's Series A Junior Participating Preferred Stock.

"In this period of unprecedented market volatility where short term valuations are not reflective of historical performance or long term prospects, the Board of Directors has implemented the rights plan to protect shareholder value and ensure that the interests of all shareholders are served in a fair and equitable manner," said Fletcher McCusker, Providence's Chief Executive Officer.

In connection with adopting the rights plan, Providence's Board of Directors declared a dividend distribution of one preferred share purchase right on each outstanding share of its common stock. Each right will entitle shareholders to buy one one-hundredth of a share of newly-created Series A Junior Participating Preferred Stock of the Company at an exercise price of $15.00. The dividend distribution will be payable to shareholders of record as of the close of business on Monday, December 22, 2008 ("Record Date"). The dividend distribution will not be taxable to shareholders.

Under the rights plan, if a person becomes the beneficial owner of 20 percent or more of Providence's outstanding common stock, other than pursuant to what the Board deems a "qualified offer" or under certain other limited circumstances, each right will entitle its holder to purchase, at the right's exercise price, a number of shares of common stock having a market value of twice the right's exercise price. Rights held by the 20 percent holde
'/>"/>

SOURCE Providence Service Corporation
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related medicine news :

1. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
2. Providence Service Corporation Announces 35% Revenue Growth with Third Quarter Results; Increases Revenue Guidance for 2007
3. Providence Service Corporation Completes Private Placement of $70 Million of Convertible Senior Subordinated Notes
4. Providence Service Corporation Signs Definitive Agreement to Acquire LogistiCare, the Nations Leading Case Management Provider Coordinating Non-Emergency Transportation Services for the Medicaid Population
5. LogistiCare, a Subsidiary of Providence Service Corp., Opens Phoenix Call Center to Support Expanding Commercial Client Base
6. Providence Service Corporation to Present at the 2008 UBS Global Healthcare Services Conference on February 11
7. Providence Health & Services - Oregon Region Powers Consumer Portal With Kryptiq Connect IQ
8. Providence Service Corporation to Report Fourth Quarter 2007 Results on Wednesday, March 12th After the Market Closes
9. Providence Service Corporation and UnitedHealth Group Affiliate, OptumHealth Behavioral Solutions, Enter Into Strategic Relationship Agreement
10. Providence Service Corporation Announces Fourth Quarter 2007 Revenue and Earnings Above Forecast; Issues First Quarter 2008 Guidance
11. Providence Service Corporation Announces Intent to File a Common Stock Shelf Registration Statement
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/18/2013)... 2013 Three new locations will be ... wellness centers and one therapeutic dispensary. Patient Appreciation Fair ... weekend of May 25th – May 27th, particularly honoring ... All events will take place from 11:00 ... Elements Therapeutic Dispensary , 10580 S. State Route 69, ...
(Date:5/17/2013)... (PRWEB) May 17, 2013 Orriant ... corporate wellness programs to businesses across the U.S. ... been achieved through rigorous infrastructure upgrades for their ... for employee interactions via voice and data. ... lower employee healthcare costs and take ...
(Date:5/17/2013)... 2013 Spring floods, summer droughts and ... gardeners who tend them. Help gardens recover from the ... each year. Myers suggests the following steps to ... Start by assessing the current condition of the landscape. ... harbor insect and disease organisms that can infest healthy ...
(Date:5/17/2013)... 2013 Degenerative changes to the area of ... with compression, known as the nucleus pulposus, has been demonstrated ... new study led by researchers at the Icahn School of ... journal PLOS ONE, reinforces the importance of diabetes in inducing ... is the first study to demonstrate that these changes can ...
(Date:5/17/2013)... Martinson-Nicholls new slip-resistant stair ... slip-resistant renovation tread used on steps that require ... staircase renovation projects, our treads and nosings deliver ... to compliment building designs. Bold Step is strong ... home stairs such as basement or deck steps. ...
Breaking Medicine News(10 mins):Health News:Elements Honors Medical Marijuana Patients at Elements Health and Wellness Centers and Elements Therapeutic Dispensary 2Health News:Elements Honors Medical Marijuana Patients at Elements Health and Wellness Centers and Elements Therapeutic Dispensary 3Health News:Elements Honors Medical Marijuana Patients at Elements Health and Wellness Centers and Elements Therapeutic Dispensary 4Health News:New Telecommunications Upgrade Provides More Capacity for National Corporate Wellness Programs offered by Orriant 2Health News:Garden Revival: Gardening Expert Melinda Myers Shares Tips for Helping Gardens Recover From Extreme Weather Conditions 2Health News:Garden Revival: Gardening Expert Melinda Myers Shares Tips for Helping Gardens Recover From Extreme Weather Conditions 3Health News:Degenerative Changes Identified in Spinal Discs and Reversed With Drug Cocktail In Diabetic Mice 2Health News:Degenerative Changes Identified in Spinal Discs and Reversed With Drug Cocktail In Diabetic Mice 3Health News:Degenerative Changes Identified in Spinal Discs and Reversed With Drug Cocktail In Diabetic Mice 4Health News:New Bold Step Renovation Stair Treads and Nosings from Martinson-Nicholls Add Slip Resistance to Stairs 2
... modeling to bring new understanding to cancer biologyANN ARBOR, Mich., ... world. That,s a fact cancer researchers are beginning to recognize ... in their efforts to understand how cancer develops -- and ... University of Michigan Comprehensive Cancer Center, has come ...
... hypertension, diabetes and blood clots, study says , , FRIDAY, ... during pregnancy are at increased risk for future health ... American and Danish researchers report. , Preeclampsia is a ... The researchers analyzed data on more than 11 million ...
... The California Science Center,s Science Matters speakers program ... Drugs: Good Medicine - Bad Behavior" on Saturday, February 7, ... will provide an overview of the science behind addiction and ... rapid rise of this addiction, questioning whether efforts to curtail ...
... San Diego (UCSD) and the Moores UCSD Cancer Center have ... cancer cells from normal cells. The technique, which is based ... may eventually lead to better ways for surgeons to determine ... cancer surgery and cut down on the number of needed ...
... 30 Some fourth-graders at the Sidney Lanier Center ... more relaxing to enjoy a good book. This after ... in part by a donation from Equal Health. The ... December through http://www.donorschoose.org , a website that lets ...
... HOUSTON, Jan. 30 Access MediQuip, LLC, the nation,s ... management solutions to the health care industry, announced today ... created position of Executive Vice President of Payor Sales ... will lead the company,s strategic initiatives and operations that ...
Cached Medicine News:Health News:Physics, Math Provide Clues to Unraveling Cancer 2Health News:Preeclampsia in Pregnancy Boosts Future Health Risks 2Health News:'Prescription Drugs: Good Medicine - Bad Behavior;' Science Matters Program Explores the Rise in Prescription Drug Abuse Presented by the California Science Center 2Health News:'Prescription Drugs: Good Medicine - Bad Behavior;' Science Matters Program Explores the Rise in Prescription Drug Abuse Presented by the California Science Center 3Health News:Automated screening process may eventually reduce additional breast cancer surgeries 2Health News:Automated screening process may eventually reduce additional breast cancer surgeries 3Health News:Reading in the Comfort of Their Own Classroom 2Health News:Access MediQuip Appoints Executive Vice President of Payor Sales and Services 2
(Date:5/16/2013)... and ZURICH , May 17, 2013 /PRNewswire/ ... Science, Technology and Research (A*STAR) and Switzerland,s ... volunteer has been dosed in a Phase 1 clinical trial ... bacteriophage Qbeta virus-like particle (VLP) technology. In this first Phase ... vaccine candidate and its potential to protect against H1N1 influenza ...
(Date:5/16/2013)... -- Nektar Therapeutics, (Nasdaq: NKTR ) President and Chief ... scheduled to present at the upcoming 2013 UBS Global Healthcare ... Sheraton New York Hotel on Tuesday, May 21, 2013 at ... accessible via a Webcast through a link posted in the ... http://www.nektar.com . This Webcast will be available for replay until ...
(Date:5/16/2013)... 2013  Alere Inc. (NYSE: ALR ), a ... health at home through the merger of rapid diagnostics and ... share on its Series B Convertible Perpetual Preferred Stock (NYSE: ... holders of record of Series B stock at the close ... will cover the amount of all dividends accrued from April ...
Breaking Medicine Technology:A*STAR and Cytos Bring Singapore's First Influenza Vaccine to Clinical Testing 2A*STAR and Cytos Bring Singapore's First Influenza Vaccine to Clinical Testing 3A*STAR and Cytos Bring Singapore's First Influenza Vaccine to Clinical Testing 4A*STAR and Cytos Bring Singapore's First Influenza Vaccine to Clinical Testing 5A*STAR and Cytos Bring Singapore's First Influenza Vaccine to Clinical Testing 6Nektar Therapeutics' President and CEO, Howard W. Robin, To Present at the 2013 UBS Global Healthcare Conference in New York City 2
... Testosterone is the most important androgen ... is secreted,primarily by the Leydig cells of ... circulating testosterone is derived from,peripheral conversion of ... ca. 25% from the adrenal glands. The ...
Microalbumin Turbidimetric Lipid / Protein Quantification 021-SDX001...
... an enzyme immunometric assay (EIA) in ... phase,incubation, designed for the quantitative measurement ... is coated,with anti-rabbit antibodies.,Calibrators and patient ... wells, along with rabbit anticortisol,antibodies and ...
Vitamin B6 Jumbo REA Vitamin Assays, Cardiovascular 001-RK-VB6N...
Medicine Products: