Morrison Inc said its board adopteda shareholder rights plan designed to fend off unwanted
takeovers.
    Morrison said that it was not aware of any party interested
in acquiring the company.
    It said it declared a dividend on its outstanding common
stock of stock purchase rights which have a term of 10 years,
and will be issued April 10 to holders of record April 10.
    It said each right entitles shareholders to buy one
one-thousandth of a share of newly authorized preferred at a
purchase price of 75 dlrs. It said the rights will be
distributed as a dividend and will become exercisable if a
party acquires 20 pct or more of its common or begins a tender
offer for 30 pct or more of its stock, among other things.
    It said the rights are redeemable by its board at one-half
ct per right.
 Reuter
