Brief: Forum Energy Technologies Adopts Limited Duration Stockholder Rights Plan

Forum Energy Technologies

30/04/2020 24:26

April 29 (Reuters) - Forum Energy Technologies Inc  FET.N :
    * FORUM ENERGY TECHNOLOGIES ADOPTS LIMITED DURATION
STOCKHOLDER
RIGHTS PLAN
    * BOARD HAS APPROVED ADOPTION OF ALIMITED DURATION
STOCKHOLDER
RIGHTS PLAN EFFECTIVE APRIL 29, 2020
    * FORUM ENERGY - RIGHTS PLAN WILL BE TRIGGERED IF PERSON /
GROUP
ACQUIRES BENEFICIAL OWNERSHIP OF 10% OR MORE OF CO'S OUTSTANDING
COMMON STOCK
    * TRIGGER OF 20% OR MORE IN CASE OF ELIGIBLE PASSIVE
INSTITUTIONAL
INVESTORS
    * FORUM ENERGY TECHNOLOGIES  - SCF PARTNERS, ITS RELATED
PARTIES,
WHICH CURRENTLY OWN ABOUT 16% OF OUTSTANDING COMMON STOCK, ARE
EXEMPTED UNDER PLAN

Source text for Eikon:  ID:nBw3tsDbqa 
Further company coverage:  FET.N 

 (Reuters.Briefs@thomsonreuters.com)