	mark iv says it does not plan baird batm buy mark iv industries inc iv which has said it is mulling a bid to seek control of baird corp said it has no present plans to uire more than pct of the company s total outstanding common stock in a filing with the securities and exchange commission mark iv said its top officials told baird executives at a march meeting that while mark iv may buy more baird common stock it presently intends to hold it to the pct limit mark iv which first disclosed its stake and interest in baird on march has reported it holds baird common shares or pct of the total outstanding mark iv said it also agreed at the meeting that if it decides to seek control of baird it would be through a negotiated merger or business combination or through a tender offer in which baird would have at least hours notice baird in turn agreed not to take any defensive measures without giving mark iv at least hours notice it said baird also confirmed that a takeover defense plan it already has which is triggered by the accumulation of more than pct of its stock would not be triggered by a tender offer mark iv said both parties also agreed to adjourn pending litigation they have against one another it added reuter 
