Red Robin eases provision preventing takeovers

Company to modify 'poison pill' plan after shareholder pressure

Red Robin Gourmet Burgers Inc. inched closer to the possibility of an acquisition Monday with the modification of a “poison pill” provision that was set up to prevent hostile takeovers.

The announcement appeared to be a concession to shareholder groups that have pressured Red Robin in recent weeks to eliminate the poison pill, which the company calls a “shareholder rights plan.” The plan was enacted earlier this year to prevent a hostile takeover by prohibiting

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