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Knight-Ridder proposed two anti-takeover steps.

March 22, 1985

The Miami-based newspaper company wants to eliminate cumulative voting in elections for directors, making it more difficult for dissident shareholders to elect candidates. In addition, it proposed a "fair price" scheme that would require any buyer who makes a successful tender offer to win approval of 80% of shareholders to buy the rest of the company. Under current rules, anyone controlling two-thirds of Knight-Ridder stock can set the price that he pays for the rest. Shareholders will vote on the Miami-based firm's two proposals at the April 25 annual meeting.

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