East Hanover, New Jersey-based Pick-popper the Ultimate Corp appears to have come very close to putting itself up for sale: it has amended its 1990 Shareholder Rights Plan to remove limits on accumulation of its shares by investors: the amendment puts in abeyance the provision that would have triggered the right of shareholders to exercise options once a single shareholder or concert party had accumulated 25% of the shares outstanding and no new limit was imposed; the company sounds almost disappointed to report that no bid or other proposal to accumulate shares is under consideration at present, and the plan modification was not made in response to any such proposal.
