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Stock impact report

iKang Healthcare Group, Inc. Extends Shareholder Rights Plan

IKANG HEALTH CARE GROUP (KANG) 
US:NASDAQ Investor Relations: ir.ikang.com
Company Research Source: GlobeNewswire
BEIJING, Nov. 29, 2018 (GLOBE NEWSWIRE) -- iKang Healthcare Group, Inc. (“iKang” or the “Company”) (Nasdaq: KANG), announced today that its board of directors (the “Board of Directors”) has unanimously approved the extension of its Rights Agreement, presently scheduled to expire on December 2, 2018, for another year. The Rights Agreement is designed to ensure that all shareholders of the Company receive fair and equal treatment in the event that an unsolicited attempt is made to acquire the Company outside of the process led by a special committee of independent directors of the Company (the “Special Committee”).  The Board of Directors and the Special Committee have determined that it is advisable and in the best interests of the Company and its shareholders to extend the Rights Agreement for an additional year as the Special Committee and the Board of Directors are continuing to engage in discussions with IK Healthcare Investment Limited (“Parent”) and IK Healthcare Merger Limi Show less Read more
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