R3000 Companies That Have Adopted Short-Term Shareholder Rights Plans as of 4/28/20
In response to the market volatility created by the COVID-19 pandemic, companies are taking a defensive position against the threat of potential hostile takeovers. The trend began in March with Occidental Petroleum adopting a limited-duration shareholder rights plan.

In the weeks following, according to data from our CompanyIQ^® SEC EDGAR search tool, a total of 24 R3000 companies enacted a rights plan with varied durations.

A majority of companies opted for a one-year period. Notable companies include: Groupon, Hilton Grand Vacations, and Six Flags.