1. Navient Adopts Poison Pill in Light of Sherborne Stake

    Navient Adopts Poison Pill in Light of Sherborne Stake

    Navient's board adopted a shareholder-rights plan designed to make a hostile takeover prohibitively expensive. The so-called poison pill is triggered if a person or group acquires beneficial ownership of 20% or more of Navient common stock...

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    1. In adopting the Rights Plan, the board noted, in particular, the recent stock activity and the accumulation of a substantial economic position in the company by entities associated with Sherborne Investors Management LP.
    2. Navient is committed to engaging in constructive dialogue with all of our investors and we welcome their perspectives.
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