This is an excerpt from KRY's shareholders rights plan adopted on Oct 30, 2006:

"The Rights Plan has not been adopted in response to any proposal to acquire control of the Corporation and is not intended to prevent take-over bids. Under the Rights Plan, take-over bids which meet certain requirements intended to protect the interests of all shareholders are deemed to be “Permitted Bids”. Permitted Bids must be made by way of a take-over bid circular prepared in compliance with applicable securities laws and, among other conditions, must remain open for sixty days.