Posts Tagged ‘tax benefits’

Hancock Fabrics amends agreement

by Wally Northway Published: November 18,2009

Tags: manufacturing, publicly traded company, tax benefits

BALDWYN — Hancock Fabrics Inc.’s board has adopted an amendment to the company’s rights agreement designed to preserve substantial tax assets for future use. Through fiscal year-end 2008, Hancock had tax attributes, including net operating losses, which would offset approximately $60 million of future taxable income. Hancock can utilize these tax attributes in certain circumstances […] [...]

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