WisdomTree (WETF) Adopts Poison Pill Following 'Rapid Accumulation' of Stock

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Go back to WisdomTree (WETF) Adopts Poison Pill Following 'Rapid Accumulation' of Stock

WisdomTree Adopts Limited Duration Stockholder Rights Plan

March 14, 2022 5:30 AM EDT

Stockholders to Vote on Rights Plan at 2022 Annual Meeting

NEW YORK, March 14, 2022 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (WisdomTree or the Company) (NASDAQ: WETF), an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager, today announced that its Board of Directors (the Board) adopted a limited duration stockholder rights plan (the rights plan).

The Board adopted the rights plan in response to the recent rapid accumulations of significant portions of WisdomTree outstanding common stock. It is intended to protect WisdomTree and its stockholders from efforts by a single stockholder or group of... More