Carter’s Adopts Limited Duration Stockholder Rights Agreement In Response to Rapid Stock Accumulation
ATLANTA--(BUSINESS WIRE)--Carter’s, Inc. (NYSE: CRI) (the “Company” or “Carter’s”), North America’s largest and most-enduring apparel company exclusively for babies and young children, today announced that its Board of Directors (the “Board”) has unanimously adopted a limited duration stockholder rights agreement (the “Rights Agreement”). Carter’s recently became aware of the rapid accumulation of a significant amount (16.86%) of the common stock of the Company by RWWM, Inc., (“RWWM”) as disclo ...
