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Stock impact report

El Pollo Loco Holdings, Inc. Adopts Limited-Duration Shareholder Rights Plan [Yahoo! Finance]

El Pollo Loco Holdings, Inc. (LOCO) 
Last el pollo loco holdings, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.elpolloloco.com/investor-relations
Company Research Source: Yahoo! Finance
Board Committed to Protecting Long-Term Value for All Shareholders COSTA MESA, Calif., Aug. 09, 2023 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (“El Pollo Loco” or the “Company”) (Nasdaq: LOCO) today announced that its Board of Directors has unanimously adopted a limited-duration shareholder rights plan (“Rights Plan”) to protect the best interests of all El Pollo Loco shareholders. The Rights Plan is effective immediately and will expire on August 7, 2024. The Board may consider an earlier termination of the Rights Plan if circumstances warrant. The limited-duration Rights Plan was adopted in response to the rapid and significant accumulation of El Pollo Loco stock by Biglari Capital Corp. (together with its affiliates, “Biglari Capital”). Biglari Capital initially disclosed that it had acquired approximately 9.1% of the Company's outstanding shares in a securities filing on July 28, 2023. Pursuant to a securities filing made yesterday, Biglari Capital disclosed that exact Show less Read more
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