Monro, Inc. Announces Approval of Limited-Duration Shareholder Rights Plan
Core Viewpoint - Monro, Inc. has approved a limited duration shareholder rights plan in response to significant ownership accumulation by Icahn Enterprises, totaling nearly 17% of the company [1] Summary by Relevant Sections Company Actions - The Board of Directors of Monro, Inc. unanimously voted to implement a shareholder rights plan with a one-year duration, set to expire on November 6, 2026 [1] Ownership Changes - The rights plan was specifically approved due to the rapid accumulation of beneficial ownership by Icahn Enterprises, which now holds almost 17% of Monro, Inc. [1]