Perion Network Ltd. announced on April 3, 2025, that its Board of Directors adopted a limited duration shareholder rights plan. This plan is designed to protect the interests of shareholders and maximize long-term value.
A shareholder rights plan typically makes it more difficult for any single entity to acquire a controlling stake in the company without board approval. This can deter hostile takeover attempts.
The adoption of such a plan is a strategic corporate governance decision. It aims to ensure that all shareholders receive fair treatment and that the board has sufficient time to consider any proposals that may arise.
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