Afexa nutraceuticals news

The Toronto Stock Exchange said it will automatically defer acceptance of Afexa's new shareholder rights plan until Sept. 9. The exchange automatically defers acceptance of new plans until it is satisfied that the plan does not "intervene pursuant" to the exchange's policy involving takeover bids and defensive tactics. Under the rights plan, shareholders of record on Aug. 12 will receive rights that will become exercisable if a hostile party acquires more than 15% of the company's outstanding shares. Rightholders will be entitled to purchase shares of common stock at a significant discount to market prices. ...