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United States

Conn's Inc Says Entered Into Standstill Agreement With Anchorage Capital Group - SEC Filing


Thursday, 7 Jun 2018 11:07am EDT 

June 7 (Reuters) - Conn's Inc ::CONN'S INC - ON JUNE 7, ENTERED INTO STANDSTILL AGREEMENT WITH ANCHORAGE CAPITAL GROUP - SEC FILING.CONN'S - AGREED TO WAIVE APPLICABILITY OF SECTION 203 OF DELAWARE GENERAL CORPORATION LAW TO ANCHORAGE GROUP, SUBJECT TO CERTAIN OWNERSHIP LIMITATIONS.CONN'S - ANCHORAGE AGREED TO CERTAIN STANDSTILL RESTRICTIONS UNTIL EARLIER OF TERMINATION OF AGREEMENT OR SEPT 30, 2019, INCLUDING RESTRICTIONS.CONN'S - IN ORDER FOR WAIVER UNDER SECTION 203 TO BECOME EFFECTIVE, ANCHORAGE GROUP MUST OWN AT LEAST 15% OF CO'S OUTSTANDING SHARES BY SEPT 30, 2019. 

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