Windstream Board Adopts Shareholders Rights Plan

Noting that it was not mounting a defense against a possible takeover, publicly traded Windstream Holdings Inc. of Little Rock announced Friday that its board of directors had adopted a shareholders rights plan.

The plan is designed to protect Windstream's valuable net operating loss carryforwards (NOLs) in case a shareholder took a bigger stake in the company and to deter a technical ownership change.

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