Tuesday, January 17, 2023

Carvana adopts ‘poison pill’ to limit shareholders from acquiring majority stake

Carvana, facing tough sledding as a result of mounting debt, has adopted a shareholder rights agreement to protect its ability to rollover its net operating losses and limit shareholders to acquire a majority stake in the e-commerce used car retailer.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/01/17/carvana-net-operating-loss-carryforwards.html?ana=brss_609
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