Barnwell Industries, Inc. Adopts Limited-Duration Shareholder Rights Plan
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Barnwell Industries, Inc. has adopted a limited-duration shareholder rights plan to prevent a 30% shareholder from gaining 'creeping' control and to protect long-term shareholder value.
January 27, 2025 | 11:15 am
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Barnwell Industries, Inc. has implemented a limited-duration shareholder rights plan to prevent a 30% shareholder from gaining 'creeping' control, aiming to protect long-term shareholder value.
The adoption of a shareholder rights plan by Barnwell Industries is a defensive measure to prevent a single shareholder from gaining too much control. This move is likely to be seen as protective of shareholder interests, but it may not have an immediate impact on the stock price as it is more about long-term governance.
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