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Stock impact report

THE CHEFS’ WAREHOUSE ADOPTS LIMITED DURATION STOCKHOLDER RIGHTS AGREEMENT

The Chefs' Warehouse, Inc. (CHEF) 
Last the chefs' warehouse, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
RIDGEFIELD, Conn., March 23, 2020 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) (the “Company”), a premier distributor of specialty food products in North America, today announced that it has adopted a 364-day duration stockholder rights agreement (the “Rights Agreement”), effective March 22, 2020. The Rights Agreement is similar to stockholder rights plans adopted by other public companies, and is intended to promote the fair and equal treatment of all Company stockholders and ensure that no person or group can gain control of the Company through open market accumulation or other tactics potentially disadvantaging the interests of all stockholders without paying an appropriate control premium to deliver sufficient value for all Company stockholders. The Company’s Board of Directors (the “Board”) has taken note in particular that, in light of the COVID-19 pandemic and recent market events, the closing price of the Company’s common stock on March 20, 2020 was more tha Show less Read more
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