Dine Brands Global adopts limited-duration stockholder rights agreement
DIN•Dine Brands Global adopted a stockholder rights agreement allowing rights holders to buy acquiring-company stock at a 50% discount after a trigger; the agreement sets thresholds of 20% for passive investors and 10% for non-passive investors and expires Oct. 27, 2027, or earlier.
1. Rights agreement terms
Dine Brands Global adopted a limited-duration stockholder rights agreement. After a trigger, rights holders may purchase acquiring-company stock at a 50% discount. The specified threshold is 20% for passive investors and 10% for non-passive investors; the agreement expires Oct. 27, 2027, or earlier.
