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Biotech / Medical : Ligand (LGND) Breakout!
LGND 203.50-1.6%Nov 25 3:59 PM EST

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To: Cacaito who wrote (28656)4/5/1999 5:49:00 PM
From: bluejeans  Read Replies (2) of 32384
 
One of the value of acquiring almost defunct companies is their
tax significant carryover losses.


After a reorganization or other change in corporate ownership, the use of certain tax carry forwards may be limited. The amount of income that Ligand may offset each year by SRGN's net operating loss carry forward is generally limited to an amount determined by multiplying the value of the stock of SRGN just prior to the acquisition by the federal long-term tax exempt rate in effect at the time of acquisition.
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