Cooper Standard Adopts Tax Benefits Preservation Plan to Protect its Tax Benefits and Shareholder Value
Key Highlights
- ➤$215 million estimated U.S. tax benefits available to offset future taxable income
- ➤Rights Agreement targets acquisitions of 4.9% or more of outstanding common stock
- ➤Exercisable rights let non-triggering holders buy shares at a 50% discount
- ➤Rights expire November 1, 2029, unless earlier terminated or stockholder approval fails
Cooper Standard Adopts Tax Benefits Preservation Plan to Protect its Tax Benefits and Shareholder Value PR Newswire
NORTHVILLE, Mich., Nov. 2, 2026 /PRNewswire/ -- Cooper-Standard Holdings Inc. ("Cooper Standard" or the "Company") (NYSE: CPS) today announced that its Board of Directors (the "Board") adopted a tax benefits preservation plan (the "Rights Agreement") in an effort to protect stockholder value by attempting to protect against a possible limitation on the Company's ability to use its net operating loss carryforwards, any loss or deduction attributable to a "net unrealized built-in loss" and other tax attributes (collectively, "Tax Benefits") under the Internal Revenue Code (the "Code").
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