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Why Kelly Services set up a stockholder rights plan as 92% voting stake moves
Vaximm, an OSR Company, Receives Binding Term Sheet from BCM Euro…
Vaximm, an OSR Company, Receives Binding Term Sheet from BCM Euro…
Kelly Services (Nasdaq: KELYA) announced that its Board unanimously adopted a stockholder rights plan on January 11, 2026, after learning that the Terence E. Adderley Revocable Trust K entered into a definitive agreement on January 9, 2026 to sell its entire holding equal to 92.2% of Class B common stock to a private party. The Rights Plan issues a dividend of rights to holders of Class A and Class B common stock of record at 5:15 p.m. ET on January 11, 2026, with each right initially representing 0.9833 Class A and 0.0167 Class B fractions. Rights expire on the earliest of January 10, 2027, redemption, exchange or a Board-approved acquisition, and generally become exercisable if a person beneficially owns 75% or more of Class B stock.
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