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Tag Archives: tax benefits

Hancock Fabrics amends agreement

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 to offset taxable income and ...

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