TruBridge (TBRG) has issued an announcement.
TruBridge, Inc. has announced a dividend of one purchase right for each outstanding common stock share, enabling holders to buy additional shares at a set price, with the rights becoming exercisable under specific conditions. These conditions include a third party acquiring a significant ownership stake in the company or launching a takeover bid. The rights are designed as a defensive measure to protect shareholder interests in such events and can be redeemed by the company before they become exercisable. The details are outlined in an agreement with Computershare Trust Company, N.A., and the initiative was made public via a press release.
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