MILWAUKEE, Oct. 22, 2015 /PRNewswire/ -- Briggs &
Stratton Corporation (NYSE:BGG):
Briggs & Stratton Corporation (the "Company") today
announced that the Company's Rights Agreement with Wells Fargo
Bank, N.A., as successor rights agent, dated as of August 7, 1996 (as amended through August 8, 2012, and last ratified by shareholders
on October 17, 2012) (the "Rights
Agreement"), and related common share purchase rights (the
"Rights"), expired according to their terms as of the close of
business on October 21, 2015, and
were not renewed. Prior to expiration, the Rights issued
under the Rights Agreement were attached to and traded with shares
of the Company's common stock, and were exercisable only under
limited circumstances. Upon expiration, the Rights terminated
and had no further force or effect. Shareholders are not
required to take any action as a result of the expiration of the
Rights.
In connection with the expiration of the Rights Agreement and
related Rights, the Company is taking steps to voluntarily
de-register the Rights under the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), and to delist the Rights from the
New York Stock Exchange. The Company's common stock continues to be
listed on the New York Stock Exchange and registered under the
Exchange Act.
About Briggs & Stratton Corporation
Briggs
& Stratton Corporation, headquartered in Milwaukee,
Wisconsin, is the world's largest
producer of gasoline engines for outdoor power equipment. Its
wholly owned subsidiaries include North America's number
one marketer of pressure washers, and it is a leading designer,
manufacturer and marketer of power generation, lawn and garden,
turf care and job site products through its Briggs & Stratton®,
Simplicity®, Snapper®, Snapper Pro® Ferris®, PowerBoss®, Allmand™,
Billy Goat®, Murray®, Branco® and Victa® brands. Briggs &
Stratton products are designed, manufactured, marketed and
serviced in over 100 countries on six continents. For additional
information, please visit
www.basco.com and www.briggsandstratton.com.
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SOURCE Briggs & Stratton Corporation