Enzon Pharmaceuticals, Inc. (ENZN) Adopts Stockholder Rights Plan In An Effort To Protect Net Operating Loss Carryforwards
5/1/2014 4:08:24 PM
PISCATAWAY, N.J.--(BUSINESS WIRE)--Enzon Pharmaceuticals, Inc. (“Enzon” or the “Company”) (Nasdaq:ENZN) announced today that its Board of Directors (the “Board”) has adopted a stockholder rights plan (the “Rights Plan”) in an effort to preserve the value of its net operating loss carryforwards (“NOLs”) under Section 382 of the Internal Revenue Code (the “Code”).
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