Dart & Kraft took a step to avoid unwanted suitors.

The company’s board of directors declared a dividend of one stock purchase right on each of the company’s 144 million common shares outstanding. The right allows holders to purchase a share of common stock at an exercise price of $100 if any purchaser acquires 20% or more of Dart & Kraft’s common shares or announces a tender offer for 30% or more of the shares. The company also said that it is entitled to redeem the rights at 10 cents per right at any time before a public announcement that a 20% position in the company has been reached.