Carter’s adopts poison pill after RWWM builds 16.86% stake
NegativeFinancial Markets

Carter's has implemented a poison pill strategy after RWWM acquired a significant 16.86% stake in the company. This move is crucial as it aims to protect the company from potential hostile takeovers, ensuring that existing shareholders' interests are safeguarded. The adoption of such a strategy highlights the ongoing tensions in corporate governance and the lengths companies will go to maintain control.
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