wsj_0924.xml
WSJ891026-0134
WSJ891026-0134
=
891026
=
891026
891026-0134
.
891026-0134
.
Dominion
Textile
Rights
Plan
Dominion
Textile
Rights
Plan
10/26/89
10/26/89
10/26/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
T.DTX
T.DTX
EARNINGS
(
ERN
)
EARNINGS
(
ERN
)
MONTREAL
MONTREAL
Dominion
Textile
Inc.
holders
adopted
a
shareholder-rights
plan
at
the
annual
meeting
.
The
so-called
poison
pill
took
effect
Aug.
9
pending
ratification
by
holders
.
Rights
attached
to
the
company
's
common
shares
were
issued
that
are
triggered
if
a
hostile
bidder
acquires
more
than
20
%
of
the
shares
outstanding
.
Once
triggered
,
the
rights
allow
holders
to
buy
additional
shares
at
50
%
of
the
then
current
market
price
or
,
at
the
board
's
discretion
,
to
receive
securities
or
assets
.
Separately
,
Dominion
Textile
posted
net
income
of
4.7
million
Canadian
dollars
-LRB-
$
4
million
-RRB-
,
or
12
Canadian
cents
a
share
,
for
the
fiscal-first
quarter
ended
Sept.
30
.
The
company
had
a
net
loss
of
C$
2.3
million
,
or
14
Canadian
cents
a
share
,
a
year
ago
.
Sales
were
C$
348.2
million
compared
with
C$
307.2
a
year
earlier
.