Carter's shares rise as retailer adopts poison pill plan

** Shares of apparel retailer Carter's Inc CRI.N up 3.1% at $30.42

** CRI adopts a limited‑duration shareholder rights plan, a so‑called poison pill, following RWWM’s disclosure of a 16.86% stake on September 4.

** Co says it received no prior notice of RWWM’s stock accumulation and has not heard back from the investor despite reaching out

** Company will issue one right per share on October 3; the rights will become exercisable if any holder acquires 15% or more of the common stock.

** Once triggered, the rights allow holders to buy shares at a 50% discount, or the company may exchange each right for one common share

** Rights agreement set to expire on September 21, 2026

** As of last close, CRI shares down 45.5% YTD