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Stock impact report

Chico's adopts short-term shareholder rights plan [MarketWatch]

Chico's FAS, Inc. (CHS) 
Last chico's fas, inc. earnings: 2/27 07:02 am Check Earnings Report
Company Research Source: MarketWatch
Chico's adopts short-term shareholder rights plan Chico's FAS Inc. CHS, -11.40% said Friday that it has adopted a short-term shareholder rights plan after stock price disruptions due to the coronavirus pandemic. Chico's shares have fallen more than 73% for the year to date while the S&P 500 index SPX, +2.28% is down 21.8%. The plan aims to guard against any individual or group gaining control of the company in the open market without paying a premium. The company is issuing one right per each common share as of the close of business April 13, 2020. The rights become exercisable if someone or an entity acquires 10% or more of the common stock. Chico's portfolio of brands includes the namesake and White House Black Market. Show less Read more
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