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BRIEFLY

Great Western passed a stockholder rights plan.

June 25, 1986

The Beverly Hills company said its board approved a plan "designed to deter coercive or unfair takeover tactics and to prevent a hostile suitor from gaining control of the company without offering a fair price to all . . . shareholders." A company statement added, however, that "it is not aware of any takeover attempt." Great Western has structured the complex plan in such a way that a hostile suitor trying to buy control would likely be forced to buy out the other holders at well above the market price.

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