Wherehouse Entertainment, which is fighting a takeover...

Wherehouse Entertainment, which is fighting a takeover bid, has adopted a new shareholder rights plan. Under the plan, the Torrance-based record and video retailer will distribute one right for each share of outstanding common stock. Each right entitles the holder, at certain times under the plan, to pay $30 for one one-hundreth of a share of the company’s Series A participating preferred stock.