PetMed Express, Inc. announced an amendment to its existing shareholder rights plan, extending the expiration date of the Rights for one year.
The company aims to protect shareholder investments and ensure fair treatment in the event of a proposed takeover.
The Board believes the current share price does not reflect the true value of the business.
Extension of Rights Plan
The rights plan expiration date extended for one year until December 2, 2026.
Protection of Shareholder Investments
The plan aims to guard against control acquisition without fair premium to all shareholders.
Long-Term Value Focus
Board reiterates belief in the business's long-term growth potential and aims for shareholder value realization.
- The amendment to the Rights Plan reinforces the company's commitment to shareholder protection.
- Shareholders can now expect continued safeguarding of their investments and fair treatment in potential takeover scenarios.
The extension of the Rights Plan highlights PetMed Express' dedication to ensuring shareholder value and protection against unfavorable acquisitions.