Nuverra Swallows Poison Pill to Prevent Hostile Takeover

Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling (drill cuttings). The company has major operations in the Marcellus/Utica region. Yesterday Nuverra announced its board of directors has approved the adoption of a “limited duration stockholder rights plan” (i.e. poison pill provision) to “protect stockholder interests.”

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