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SAN FRANCISCO, Calif., Oct 25 (Reuters) - Macromedia Inc. , a maker of Web design products, said on Thursday that its board has adopted a stockholder rights plan, but added the move was not in response to a specific takeover attempt. San Francisco-based Macromedia said its adoption of the plan was "designed to protect the long-term value of the company for its stockholders during any future unsolicited acquisition attempt." It said it was not aware of specific attempts by any company to acquire Macromedia or its shares at this time. Under the plan, the board declared a dividend of one share purchase right for each share of the company's common stock outstanding on Oct. 29. The rights will become exercisable only upon the occurrence of certain events specified in the plan, including the acquisition of 20 percent of the company's outstanding common stock by a person or group. Copyright 2001, Reuters News Service

SAN FRANCISCO, Calif., Oct 25 (Reuters) - Macromedia Inc. , a maker of Web design products, said on Thursday that its board has adopted a stockholder rights plan, but added the move was not in response to a specific takeover attempt. San Francisco-based Macromedia said its adoption of the plan was "designed to protect the long-term value of the company for its stockholders during any future unsolicited acquisition attempt." It said it was not aware of specific attempts by any company to acquire Macromedia or its shares at this time. Under the plan, the board declared a dividend of one share purchase right for each share of the company's common stock outstanding on Oct. 29. The rights will become exercisable only upon the occurrence of certain events specified in the plan, including the acquisition of 20 percent of the company's outstanding common stock by a person or group. Copyright 2001, Reuters News Service

SAN FRANCISCO, Calif., Oct 25 (Reuters) - Macromedia Inc. , a maker of Web design products, said on Thursday that its board has adopted a stockholder rights plan, but added the move was not in response to a specific takeover attempt. San Francisco-based Macromedia said its adoption of the plan was "designed to protect the long-term value of the company for its stockholders during any future unsolicited acquisition attempt." It said it was not aware of specific attempts by any company to acquire Macromedia or its shares at this time. Under the plan, the board declared a dividend of one share purchase right for each share of the company's common stock outstanding on Oct. 29. The rights will become exercisable only upon the occurrence of certain events specified in the plan, including the acquisition of 20 percent of the company's outstanding common stock by a person or group. Copyright 2001, Reuters News Service