NEWARK, Del., June 12, 2009 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced that its Board of Directors has approved a stockholder rights plan. The plan is designed to enable all Innospec stockholders to realize the full long-term value of their investment and to provide for fair and equal treatment for all stockholders in the event that an unsolicited attempt is made to acquire the Company. Innospec’s Board of Directors believes that the value of the Company’s business is not reflected in the current market price of the Company’s stock, which may make the Company vulnerable to hostile takeover tactics. The Company believes that adoption of the rights plan is in the best interests of all of the Company’s stockholders, as it will help to protect them against takeover tactics that may be used to gain control of the Company without paying a price that is in the best interests of all stockholders.
