Star Group adopts unitholder rights plan (poison pill) with 15% trigger

STAR GROUP, L.P.

Distribution of one Right per outstanding unit; record date April 4, 2023; exercise price $60 per unit.
Rights become exercisable if a person/group acquires 15%+ of common units without board approval.
Rights expire March 24, 2028; redeemable by company at $0.01 per Right.
Plan not adopted in response to any specific takeover bid; existing holders >15% grandfathered with 0.1% creep limit.

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