Clarivate announced that its Board of Directors unanimously approved the termination of the company’s tax benefits preservation plan, which was originally put in place in December 2022 and was set to expire October 31, 2023, was designed to protect the availability of Clarivate’s U.S. net operating loss carryforwards and certain other U.S. tax attributes. The Tax Benefits Preservation Plan will expire as of end of day October 1, 2023.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CLVT:
- Clarivate downgraded to Underweight from Equal Weight at Barclays
- OpenAI’s Israeli Rival AI21 Labs Raises Funds; Valued at $1.4B
- Netflix upgraded, Olaplex downgraded: Wall Street’s top analyst calls
- RBC downgrades Clarivate on time needed for turnaround
- Clarivate downgraded to Sector Perform from Outperform at RBC Capital