TRC Board Adopts Poison Pill Plan After Unsolicited Offer from Coleman Cable

Coleman Cable, Waukegan, Ill., said it has made an unsolicited offer to buy Technology Research Corp. (TRC), Clearwater, Fla., maker of electrical safety products, for $5.50 per share. TRC in turn has adopted a shareholder rights plan “to protect the interests of the company and all its shareholders.”

“We have attempted to engage TRC’s board of directors on a number of occasions and we are disappointed that rather than engaging in constructive dialogue with Coleman, TRC’s board instea

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