Zoetis Inc. said Friday that it has adopted a one-year shareholder rights plan. Zoetis said the plan would enable existing shareholders a right to buy preferred stock if a person or group acquires at least 15 percent of the company's stock and tries to buy more. Shares of Zoetis fell 10 cent to close at $43.14 Friday.» Read More
July 29- Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance sheet and eliminate about $75 million in annual dividend payments.
GM CFO STEVENS SAAYS NO CHANGE TO CAPITAL ALLOCATION PLANS OR PLANS TO REDEEM THE COMPANY'S SERIES A PREFERRED STOCK.
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