NN, Inc. Adopts Limited Duration Shareholder Rights Plan
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NN, Inc. Adopts Limited Duration Shareholder Rights Plan
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In adopting the Rights Plan, the Board of Directors has taken note of the substantial increase in market volatility and uncertainty as a result of the COVID-19 pandemic, as well as its impact on The Rights Plan, dated Under the Rights Plan, NN will issue one right for each share of common stock outstanding at the close of business on The Board of Directors will, prior to the rights becoming exercisable, in general be entitled to amend the Rights Plan or to redeem the rights for This announcement is a summary only and is qualified by reference to the full text of the Rights Plan. Additional details regarding the Rights Plan will be contained in a Form 8-K to be filed by the Company with the About Except for specific historical information, many of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements, are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of For additional information concerning such risk factors and cautionary statements, please see the section titled "Risk Factors" in the Company's periodic reports filed with the
SOURCE AT ABERNATHY MACGREGOR, Claire Walsh, (General Info), (212) 371-5999 |