PetMed Express (PETS) Adopts Limited Duration Shareholder Rights Plan

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Go back to PetMed Express (PETS) Adopts Limited Duration Shareholder Rights Plan

PetMeds® Adopts Limited Duration Shareholder Rights Plan

December 3, 2024 8:30 AM EST

DELRAY BEACH, Fla., Dec. 03, 2024 (GLOBE NEWSWIRE) -- PetMed Express, Inc. dba PetMeds and parent company of PetCareRx (NASDAQ: PETS) (PetMeds or the Company), today announced that its Board of Directors (the Board) has adopted a limited duration shareholder rights plan to protect the best interests of all PetMeds shareholders (the Rights Plan).

The Board adopted the Rights Plan to protect the investment of shareholders during a period in which it believes shares of the Company do not reflect the inherent value of the business or its long-term growth potential, and during which there have been recent... More