Cooper Standard Adopts Tax Benefits Preservation Plan to Protect its Tax Benefits and Shareholder Value
Cooper Standard's board adopted a tax benefits preservation plan (a Section 382 rights plan) to protect approximately $215 million of estimated U.S. tax attributes as of September 30, 2026. The plan deters any person from acquiring 4.9% or more of outstanding shares without board approval, since such ownership shifts could trigger an 'ownership change' that substantially limits or delays use of the company's NOL carryforwards.
Key figures
- Expiration
- November 1, 2029 (earlier termination events apply)
- Record date
- 2026-11-12
- Trigger threshold
- 4.9% ownership
- Discount if triggered
- 50%
- Estimated tax benefits usd
- 215000000
AI analysis
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