Cue Health Adopts Limited-Duration Shareholder Rights Plan
Board of Directors Takes Action to Protect Long-Term Value for All Shareholders
Rights Plan Responds to Significant Third-Party Share Accumulation
Cue Health (NASDAQ:HLTH), a healthcare technology company, today announced that its Board of Directors has unanimously approved the adoption of a limited-duration shareholder rights plan (the "Rights Plan") to protect the long-term interests of all shareholders. The Board adopted the Rights Plan in response to a rapid accumulation of shares by a third party. The Rights Plan is effective immediately and has a one-year term, expiring on September 20, 2024.
"Cue is committed to engaging in constructive dialogue with our shareholders, and we va
