Acclaim Protection

Following closely on threats of Nasdaq de-listing, Acclaim is adopting shareholder protections. Similar to plans introduced by Activision, Acclaim is seeking to protect itself from uninvited takeover attempts. The plan, which would become active if any new party were to purchase more than 10 percent of the company's outstanding shares, is intended to insure that deals made on the open market or with selected shareholders will pay a fair price to all shareholders. "[This] is not intended to prevent a takeover of the company and should not deter any prospective bidder willing to negotiate with the Board of Directors and pay a full and fair price for the company's shares," said a company spokesperson.