Calgary-Anglo Minerals ltd. said Jan. 23 that its board of directors has adopted a shareholder rights plan designed to encourage the fair treatment of shareholders in connection with any takeover offer for the corporation. The plan will provide the board of directors and shareholders more time to fully consider any unsolicited bid. Anglo said it is not aware of any pending or threatened bids at this time. Anglo also announced that it has proposed to change the name to Anglo Potash Ltd. in order to better reflect the company’s focus on its ongoing business. The name and the symbol AGP have been reserved with the TSX Venture Exchange. The shareholder rights plan and name change will be considered at a shareholder meeting Feb. 15. Anglo and its joint venture partner, BHP Billiton Diamonds Inc., hold potash permits covering 1.6 million acres in central Saskatchewan.
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