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RCM adopts stockholder rights plan

January 31 2013

RCM Technologies Inc. (NASD: RCMT), a Pennsauken, N.J.-based staffing provider, announced its board adopted a stockholder rights plan aimed at thwarting efforts to take control of the company that the board deems are not in RCM’s best interests.

The rights plan take effect if a person or group acquires 15 percent or more of RCM’s common stock in a transaction that is not approved by the board.

RCM had rejected a bid to be acquired by CDI Corp. (NYSE: CDI) back in June 2010.

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