Sylvamo adopts shareholder rights plan after Atlas Holdings accumulates ~14% stake

Sylvamo Corp

Atlas Holdings acquired ~14% of Sylvamo shares via block trade and holds unspecified derivatives.
Rights plan triggers at 10% ownership (20% for passive investors); expires April 21, 2023.
Exercise price set at $190 per one-thousandth of a Series A preferred share.
If triggered, holders (other than the acquiring person) can buy shares at 50% discount.
Board may redeem rights at $0.001 per right before any person becomes an acquiring person.

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