Career Education Corporation and Computershare Investor Services, LLC as Rights Agent Rights Agreement Dated as of May 28, 2002Rights Agreement • May 28th, 2002 • Career Education Corp • Services-educational services • Delaware
At any time after a person or group becomes an Acquiring Person and prior to the acquisition by such person or group of 50% or more of the outstanding Common Shares, the Board of Directors of the Company may exchange the Rights (other than Rights owned by such person or group that have become void), in whole or in part, without any additional payment, for Common Shares, at an exchange ratio of one Common Share (or of a share of a class or series of the Company's preferred shares having equivalent rights, preferences and privileges), per Right (subject to adjustment).
