Increasingly on guard against unwanted overtures that may be triggered by major change-related events, public companies move quickly these days to protect their flanks through shareholders rights plans. Global Payments Inc., an electronic transaction processing firm, installed a poison pill in late January shortly after being spun off as an independent company by National Data Corp. United Investors Realty Trust installed a pill while it reviewed strategic alternatives for its future. Other companies whose directors voted in rights plans during January included: AVT Corp.; dELiA*s Inc.; Du Pont Photomasks; First Union; Jo-Ann Stores; Pacific-Laser Media; SPEEDUS.COM; and Xcel Energy.
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