TruBridge Amends Rights Agreement to Deter Takeovers

TruBridge (TBRG) just unveiled an update.

TruBridge, Inc. has revised its Rights Agreement, introducing a “Triggering Percentage” set at 15%, replacing the previous 10% mark that defined an “Acquiring Person.” This amendment, officially documented on April 22, 2024, signifies an essential change in the company’s defense against potential takeovers. The company publicly announced this strategic amendment the following day, ensuring that the shift is transparent to its shareholders and the broader market, without implying incorporation into any legal filings beyond the specific amendment documentation.

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