Mercury Systems adopts one-year shareholder rights plan with 7.5% trigger

MERCURY SYSTEMS INC

Board unanimously adopted Rights Plan to protect shareholder value amid perceived undervaluation of shares.
Rights trigger at 7.5% beneficial ownership (10% for passive institutional investors).
Each Right entitles holder to purchase preferred shares worth twice the market value of common shares upon trigger.
Rights expire after one year; distributed as a dividend to stockholders of record on January 10, 2022.
Plan designed to allow Board time to evaluate any unsolicited acquisition offers and negotiate full value.

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