What True Partners did
True Partners was given the opportunity to review the tax attributes of a rubber and plastic manufacturer as it relates to a possible sale transaction. Given the changing landscape of capital markets and the value tax attributes can have to a potential acquirer, True Partners suggested that designing a proper corporate structure is crucial to preserving and realizing these benefits. True Partners worked with the company to put a net operating loss ("NOL") Poison Pill plan in place to protect a $40 million NOL. Specifically, the plan caused the company's NOL to be reduced to $2 - 3 million under a hostile acquisition.