Rayonier Advanced Materials Adopts Short-Term Stockholder Rights Plan
Designed to ensure fair and equal treatment of all investors
Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company") announced today that its Board of Directors adopted a limited duration stockholder rights plan (the "Rights Plan") and declared a dividend distribution of one preferred share purchase right on each outstanding share of Company common stock. The Rights Plan is intended to enable all Company stockholders to realize the long-term value of their investment in the Company and is designed to protect all stockholder interests by reducing the likelihood that any person or group could gain control of the Company through rapid open-market purchases of the Company's shares without
