J.C. Penney Trims Poison Pill To Guard $2B In Future Tax Benefits – ValueWalk Premium

J.C. Penney Trims Poison Pill To Guard $2B In Future Tax Benefits

J.C. Penney Company, Inc. (NYSE:JCP) made changes to its shareholder rights plan to preserve $2 billion in future tax credits.

J.C. Penney Company, Inc. (NYSE:JCP) trimmed the threshold for triggering a takeover defense plan to protect about $2 billion in future tax credits.

The reduced poison pill trigger would facilitate the retailer to benefit from carry forward of net operating loss.
J.C. Penney’s rights plan

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