Cost Plus (CPWM) Renews Shareholder Rights Plan
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- Cost Plus (CPWM) Renews Shareholder Rights Plan
Cost Plus, Inc. (NASDAQ: CPWM) announced that its Board had approved the renewal of its preferred shares rights agreement through June 30, 2013. Prior to the renewal, the rights agreement had been scheduled to expire on June 30, 2008. The preferred share purchase rights were initially distributed as a dividend on each Cost Plus common share outstanding on July 24, 1998 and currently trade with each outstanding Cost Plus common share. The Board has also resolved to undertake, on an annual basis, a review of whether or not to redeem the rights.
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