GameTech International Inc.
of Reno adopted a stockholder rights plan as a takeover defense.
GameTech said last week it will declare a dividend distribution of one preferred- share purchase right for each outstanding share of its common stock held by stockholders on March 17.
Chief Executive Officer Clarence H.
Thiesen said the plan is a defense against an unfair takeover bid, but he adds the company hasn't been approached by any suitors.
GameTech makes electronic bingo units.
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