Brief: Stanley Furniture enters into rights agreement to protect net operating losses

HG Holdings

05/12/2016 21:35

Dec 5 (Reuters) - Stanley Furniture Company Inc  STLY.O  
    * Stanley Furniture enters into rights agreement to protect 
net operating losses 
    * Board has adopted a rights agreement designed to protect 
company's substantial net operating loss carryforwards 
    * Board sets trigger at 4.9 pct 
    * Under rights agreement, stockholders to receive one 
preferred share purchase right for each share of common stock 
they own 
 
Source text for Eikon:  ID:nGNXNNJFOa  
Further company coverage:  STLY.O  
 
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