Navient adopts short-term shareholder rights plan with 20% trigger
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Navient (NAVI) Falls 6% After Adopting a Poison Pill Related to Sherborne Accumulation
December 20, 2021 12:29 PM ESTNavient (NASDAQ: NAVI) shares are down 6% after the company announced this morning that it has adopted a poison pill.
The moves come after recent stock activity and the accumulation of a substantial economic position in the Company by entities associated with Sherborne Investors Management LP.
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