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Stock impact report

USD Partners to Liquidate [Yahoo! Finance]

WPP plc American Depositary Shares (WPP) 
US:NYSE Investor Relations: wpp.com/wpp/investor/financialnews
Company Research Source: Yahoo! Finance
asset, ceased operations and announced its intention to cancel the equity of the Partnership following termination of its credit facility. The Partnership has taken affirmative steps to wind down and liquidate, and the Partnership has submitted a request to the Financial Industry Regulatory Authority (FINRA) to halt trading of the remaining Partnership equity. The Partnership expects these actions to be completed as early as January 1, 2026, although a firm date has not been determined. The Partnership's unitholders will not receive any payments or distributions from the Partnership upon its wind down. Because the Partnership is not able to repay its remaining indebtedness in full, the Partnership may recognize cancellation of indebtedness income ("CODI") for U.S. federal and state income tax purposes in 2025 in excess of the net taxable losses the Partnership may recognize in 2025 in connection with the sale of the Partnership's last remaining asset. This CODI will be allocated to Show less Read more
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