Monro Inc. Board Approves Limited-Duration Shareholder Rights Plan
The Board of Directors of Monro, Inc. has unanimously approved a limited-duration shareholder rights plan, set to expire on November 6, 2026. The plan aims to ensure the Board can make informed decisions regarding any attempts to control or significantly influence the company, without preventing legitimate acquisition efforts. Under the plan, one right will be issued for each common share outstanding as of November 24, 2025, and these rights generally become exercisable if any entity, person, or group acquires 17.5% or more of Monro's outstanding shares. This action was taken in response to Icahn Enterprises L.P. accumulating nearly 17% of Monro's shares, and is intended to protect the long-term interests of the company and its shareholders.
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