DigitalThink Amends Shareholders’ Rights Plan
SAN FRANCISCO, July 18 /PRNewswire-FirstCall/ — DigitalThink, Inc. DTHK, the leader in custom e-learning for Fortune 1000 companies, today announced that its board of directors has amended its Shareholders’ Rights Plan, adopted September 15, 2000, to permit WaldenVC and other related parties, collectively DigitalThink’s largest shareholder, to purchase in the aggregate up to 20 percent of DigitalThink’s common stock without triggering the Shareholders’ Rights Plan. In connection with the amendment to the Shareholders’ Rights Plan, WaldenVC and other related parties entered into a Stockholder Agreement requiring them to vote all of their shares in the same manner and proportion to votes cast by the other shareholders.
