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Beazer Homes USA, Inc. Adopts Section 382 Stockholder Rights Plan to Preserve Use of Net Operating Losses.

Publication: Real Estate Weekly News
Publication Date: 21-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) announced that today its Board of Directors adopted a section 382 stockholder rights plan (the "Rights Plan") designed to protect stockholder value by preserving the value of certain deferred tax assets of the Company primarily associated with net operating loss carryforwards (NOL) under Section 382 of the Internal Revenue Code.

As disclosed in December 2008, the Company previously determined that an "ownership change" under Section 382 occurred as of December 31,...



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