ALLIEDSIGNAL: AlliedSignal will sue to block latest AMP "poison pill" tactic.

0 Comments | M2 Presswire, August, 1998

M2 PRESSWIRE-25 August 1998-ALLIEDSIGNAL: AlliedSignal will sue to block latest AMP "poison pill" tactic (C)1994-98 M2 COMMUNICATIONS LTD RDATE:240898 AlliedSignal Inc. (NYSE: ALD) today stated that it shortly will add to its existing lawsuit against AMP (NYSE: AMP) a request for the court to reverse the amendments to AMP's poison pill announced by AMP on Friday, August 21.

Peter M. Kreindler, Senior Vice President, General Counsel and Secretary of AlliedSignal, said, "The action taken by AMP's board has two purposes: to entrench the AMP board and management; and, if AMP shareowners elect our nominees to the board, to disenfranchise AMP shareowners through November 1999 by making it impossible for the board to accept any offer, friendly or unfriendly, to...

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