Freightcar America Adopts A Limited Duration Stockholder Rights Plan; Rights Plan Replaces Existing Plan Expiring August 5, 2026
FreightCar America, Inc. (NASDAQ:RAIL) (the "Company" or "FreightCar") announced today that its Board of Directors (the "Board") has adopted a limited duration stockholder rights plan (the
FreightCar America set up a new shield called a rights plan to protect the company if someone tries to buy it without permission. This is a normal defensive move that companies sometimes use, and it doesn't tell us whether the business is doing well or poorly.
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