By Nicholas G. Miller
Carter's adopted a shareholder rights agreement after becoming aware that RWWM Inc., a part of Roseman Wagner Wealth Management, had acquired 17% of the company.
Carter's, an apparel company focused on babies and young children, said it has received no communication from RWWM and that it may continue to accumulate stock.
The company said the rights agreement is intended to prevent any group from gaining control of the company without paying all stockholders an appropriate premium or providing the board opportunity to make informed decisions.
Carter's will issue share purchase rights to stockholders on Oct. 3. The agreement will expire on Sept. 21, 2026.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
September 24, 2025 06:34 ET (10:34 GMT)
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