	northeast savings nsb adopts rights plan northeast savings f a said its board adopted a shareholder rights plan designed to protect the company from coercive takeover tactics and bids not fair to all sharholders under the plan the board declared a dividend of one share purchase right for each of the northeast common shares held of record as of november two the company said initially the rights are not exerciseable rights certificates are not distributed and the rights automatically trade with northeast s shares the company said however days following the uisition of pct or more of northeast s common shares shares or days following the commencement of a tender offer for pct or more of northeast s shares the rights will become exerciseable and separate rights certificates will be distributed the company said the rights will entitle holders of northeast s common shares to purchase additional shares at an exercise price of dlrs a share the company said the company said that in the event of certain triggering events described in the rights plan holders of the rights other than an uiring person will be entitled to uire northeast s common shares having a market value of twice the then current exercise price of the rights also in the event northeast enters into certain business combination transactions holders of the rights will be provided a right to uire equity securities of the uiring entity having a market value of twice the then current exercise price of the rights the company said northeast said it will be entitled to redeem the rights at one cent per right until the occurence of certain events reuter 
