Why Maxar Technologies Stock Popped 11% Today
Maxar Technologies (NYSE: MAXR) stock closed up 11% on Thursday -- and the reason is "poison."
Five months ago, the space technology company announced it would adopt "a tax benefit preservation plan" designed to preserve the value of its net operating losses and other tax attributes -- calculated at close to $1 billion -- which it could then use to offset the tax bill on any future profits.
Today, Maxar put that plan to a vote, and shareholders representing 88% of the company's voting stock approved it.
Source Fool.com
