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Article: Charlotte Russe Holding, Inc. Adopts Stockholder Rights Plan.
- Article from:
- Business Wire
- Article date:
- August 14, 2008
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Copyright informationCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN DIEGO -- CHARLOTTE RUSSE HOLDING, INC. (NASDAQ: CHIC) announced that its Board of Directors approved the adoption of a Stockholder Rights Plan under which all stockholders of record as of the close of business on August 25, 2008 will receive rights to purchase shares of a new series of Preferred Stock.
The Rights Plan is designed to enable all stockholders of Charlotte Russe to realize the full value of their investment and to provide for fair and equal treatment for all stockholders in the event that an unsolicited attempt is made to acquire Charlotte Russe. The Rights Plan has not been adopted in response to any specific proposal and it is not intended to prevent a ...