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Stock impact report

Commvault adopts limited-time poison pill [Seeking Alpha]

Commvault Systems, Inc. (CVLT) 
Last commvault systems, inc. earnings: 1/29 07:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.commvault.com
Company Research Source: Seeking Alpha
TechCommvault adopts limited-time poison pillApr. 3, 2020 10:15 PM ET|Commvault Systems, Inc. (CVLT)Jason AycockCommvault (NASDAQ:shareholder rights planThe board believes the stock price "does not reflect the Company's inherent value or business performance," and wants management focus on the "health and safety of Commvault's employees, taking care of customers, and operating Commvault's business in this unprecedented environment."Amid heavy volatility, the shares have declined heavily and rebounded during the past month; they'redown 5.4%off 15.3%The rights plan involves issuing one right for each common share on April 13; the rights are only exercisable when someone acquires beneficial ownership of 10% (or synthetic equivalent), or 20% in the case of some passive investors.The rights give holders the ability to purchase at a then-current exercise price shares valued at twice the exercise price. It expires on April 1, 2021.Click to subscribe to real-time analytics on CVLTNow read:A Show less Read more
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