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Photronics +1.7% on shareholder rights plan

Sep. 24, 2019 10:03 AM ETPhotronics, Inc. (PLAB) StockPLABBy: Brandy Betz, SA News Editor
  • Photronics (NASDAQ:PLAB) adopts a plan to protect the availability of its net operating loss (or NOLs) carryforwards under Section 382 of the Internal Revenue Code.
  • At the end of Q3 on July 28, PLAB estimated U.S. federal NOLs available to offset future federal taxable income were $85-90M.
  • PLAB shares are up 1.7% to $11.05.

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