By  on August 15, 2008

Charlotte Russe Holding Corp. said Thursday its board adopted a stockholder rights plan, also known as a poison pill, which companies often use to discourage hostile takeovers. The specialty retailer emphasized that the move was not in response to a specific proposal.

The plan applies to shareholders of record at the close of business on Aug. 25. Those shareholders will receive rights to purchase shares of a new series of preferred stock.

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