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Stock impact report

Parks! America Announces Adoption of Limited Duration Shareholder Rights Plan [Yahoo! Finance]

PARKS! AMERICA INC (PRKA) 
Company Research Source: Yahoo! Finance
19, 2024, its Board of Directors (the “Board”) voted unanimously to adopt a limited duration shareholder rights plan (the “Rights Plan”) to protect shareholders' interests and maximize value for all shareholders. The Rights Plan is similar to plans adopted by other public companies and is designed to ensure that all of the Company's shareholders have the opportunity to realize the long-term value of their investment in the Company and to guard against abusive tactics so that no person or group can gain a control or control-like position in the Company through open market accumulations of the Company's common stock or other tactics potentially disadvantaging the interests of the Company's shareholders without negotiating with the Board and without paying an appropriate control premium to all shareholders. The Rights Plan is intended to position the Board to fulfill its duties by ensuring the Board has sufficient time to make informed judgments that are in the best interests of the Show less Read more
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