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Alaska Communications Adopts Tax Benefits Preservation Plan to Protect Tax Assets

Jan 09, 2018 - Business Wire

Alaska Communications (NASDAQ: ALSK) today announced that its Board of Directors has approved the adoption of a tax benefits preservation plan (or "the plan") in the form of a Section 382 Rights Agreement designed to protect and preserve the long-term value of certain tax assets primarily associated with net operating loss carryforwards. Alaska Communications intends to submit the tax benefits preservation plan, which is similar to tax benefits preservation plans adopted by many other public com...