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Stock impact report

ProPetro Adopts Short-Term Stockholder Rights Plan

ProPetro Holding Corp. (PUMP) 
Last propetro holding corp. earnings: 3/31 04:54 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.propetroservices.com
Company Research Source: Business Wire
MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) today announced that its Board of Directors (the “Board”) has approved the adoption of a short-term (less than one-year) stockholder rights plan (the “Rights Plan”) to protect stockholder interests and maximize sustained value for all stockholders.The Rights Plan is intended to enable the Company’s stockholders to realize the long-term value of their investment, ensure that all stockholders receive fair and equal treatment in the event of any proposed takeover of the Company, and to guard against tactics to gain control of the Company without paying all stockholders an appropriate premium for that control. The Rights Plan applies equally to all current and future stockholders and is not intended to deter offers that are fair and otherwise in the best interest of the Company’s stockholders.In adopting the Rights Plan, the Board has taken note of the substantial impacts of the COVID-19 Show less Read more
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