Skip to main content

File photo of Sandvine president and CEO David Caputo

GEOFF ROBINS/geoff robins/The Globe and Mail

Sandvine Corp. has adopted a shareholder rights plan with a 20-per-cent trigger, but the network equipment maker said it was not aware of any takeover proposal.

A shareholder rights plan, also called poison pill, allow companies to issue new shares if an investor acquires shares over a certain threshold, diluting their holdings.

The plan is subject to shareholder approval at Sandvine's annual meeting on April 5 and if effected, a rights holder can buy shares at a 50-per-cent discount to the market price at that time.

Story continues below advertisement

The poison pill will expire in 2015, said Sandvine, whose customers include Spanish telecom giant Telefonica, U.S. cable operator Comcast Corp. and Singapore's StarHub.

Sandvine shares closed at $1.56 on Tuesday on the Toronto Stock Exchange.

Report an error
Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at