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Court denies request to curb Human Genome takeover defense

(Reuters) - A Maryland judge denied a request to temporarily restrain Human Genome Sciences from taking measures to fend off GlaxoSmithKline's hostile $2.6 billion takeover bid, according to a court notification. Duane Howell, a Human Genome shareholder, had filed a lawsuit against the U.S. biotechnology company's board and requested that the court invalidate Human Genome's "poison pill" stockholder rights plan designed to ward off GlaxoSmithKline. ......


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Source: Yahoo Science News - Friday, 1 June, 2012

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