Spartan Delta Adopts Shareholder Rights Plan to Guard Against Hostile Bids

Dow Jones03-24

By Adriano Marchese

Spartan Delta has adopted a shareholder rights plan, often called a poison pill, a defensive measure to protect the company from any takeover attempts.

The Canadian oil and gas exploration and production company said Tuesday that the rights plan is consistent with modern rights plans adopted by other Canadian public companies.

Spartan said the decision to adopt the shareholder rights plan is to provide the board and shareholders of Spartan with an adequate amount of time to evaluate any offers and explore other alternatives.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 24, 2026 08:45 ET (12:45 GMT)

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