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Imation Adopts Shareholder Rights Plan to Protect Net Operating Loss Carryforwards

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OAKDALE, Minn.--(BUSINESS WIRE)--Imation Corp. (NYSE:IMN) today announced that its Board of Directors has adopted a shareholder rights plan (the “Rights Plan”) designed to preserve the value of its significant net operating loss carryforwards (“NOLs”) and other related tax assets under Section 382 of the Internal Revenue Code (the “Code”). Imation intends to seek shareholder approval of the Rights Plan at its 2016 Annual Meeting of Shareholders. The Company’s ability to utilize these tax assets

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