Coursera Adopts Limited-Duration Stockholder Rights Plan

Coursera's board unanimously adopted a one-year limited-duration stockholder rights plan, effective immediately, in response to a third party accumulating approximately 14.7% of the company's common stock. The plan is triggered if any person or group crosses 15% beneficial ownership; non-triggering holders could then buy shares at a 50% discount or exchange rights for stock, while the accumulating holder's rights become void. The pill signals the board views the accumulation as a potential creeping-control threat, but it also implies real takeover or activist interest in COUR that investors should monitor.

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