Carter's Adopts Limited Duration Stockholder Rights Agreement In Response to Rapid Stock Accumulation

Core Viewpoint - Carter's, Inc. has adopted a limited duration stockholder rights agreement in response to the significant accumulation of its common stock by RWWM, Inc., which now holds 16.86% of the company's shares [1]. Group 1: Company Actions - The Board of Directors of Carter's, Inc. has unanimously approved the Rights Agreement to protect the interests of the company and its shareholders [1]. - The Rights Agreement is a strategic move to address the rapid accumulation of shares by RWWM, Inc. [1]. Group 2: Shareholder Dynamics - RWWM, Inc. has disclosed that it has acquired a significant stake of 16.86% in Carter's common stock [1].