Monday, April 6, 2020

Chico's takes a ‘poison pill’ amid COVID-19 outbreak

Chain Store Age
Chicos’s FAS Inc. is the second retailer in recent days to adopt a limited duration shareholders rights plan after disruptions due to COVID-19 pandemic.

The women’s apparel retailer adopted the plan, the so-called "poison pill,” saying it was in the best interest of all its shareholders. The plan aims to guard against any individual or group gaining control of the company in the open market without paying a premium. . . . more

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