Alaska Communications Announces Exemption Process for Tax Benefits Preservation Plan
Alaska Comm Systems Group, Inc (ALSK)
Last alaska comm systems group, inc earnings: 11/5 05:00 pm
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Source: Business Wire
ANCHORAGE, Alaska--(BUSINESS WIRE)-- Alaska Communications (NASDAQ: ALSK), the leading provider of advanced broadband and managed IT services for businesses and consumers in Alaska, today announced that its Board of Directors, in consultation with its legal, tax and financial advisors, had approved a process for current and potential stockholders of Alaska Communications to follow with respect to the submission of requests to the Board requesting exemptions from the stock ownership limits under the Alaska Communications tax benefits preservation plan so that they can effect stock purchases that would otherwise be triggering events under the tax benefits preservation plan. Alaska Communications Board Chairman Edward (Ned) J. Hayes, Jr. stated, “In recent weeks, we have received input from a number of our stockholders who have indicated an interest in purchasing additional shares of our common stock in the
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