FRANKLIN PARK, Ill.--(BUSINESS WIRE)--Del Global Technologies Corp. (DGTC) (“Del Global” or “the Company”) today announced that its Board of Directors has adopted a shareholder rights plan that is primarily designed to protect the Company’s net operating loss carryforwards (“NOLs”) for tax purposes. NOLs are past losses that a corporation can use to reduce its current or future taxable income. The Company’s ability to use the NOLs could be substantially reduced if the Company experiences an “ownership change,” as defined under Section 382 of the Internal Revenue Code (the “Code”).
