Barnes & Noble Education adopts short-term shareholder rights plan with 10% trigger

Barnes & Noble Education, Inc.

Dividend of one right per share payable April 29, 2024 to holders of record; rights expire Jan 31, 2025.
Rights become exercisable at $5.00 per share if a person or group acquires 10% or more of BNED common stock.
Upon trigger, each right (except acquirer's) allows purchase of BNED common stock worth twice the exercise price.
Board may redeem rights at $0.01 per right at any time before a 10% acquisition.
Plan is intended to protect stockholder value and prevent unfair takeover tactics.

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