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BRIEFLY

November 24, 1987

Wherehouse Entertainment, which is fighting a takeover bid, has adopted a new shareholder rights plan. Under the plan, the Torrance-based record and video retailer will distribute one right for each share of outstanding common stock. Each right entitles the holder, at certain times under the plan, to pay $30 for one one-hundreth of a share of the company's Series A participating preferred stock.

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