Centrus Energy Corp (LEU)

[The Rainmaker]

If someone buys a controlling interest in LEU they would lose their $325 million dollars in tax losses unless the company who takes over is also in the exact same kind of business as LEU. Right now when LEU shows a profit they dont have to pay taxes on the $325 million in profits because they can write off the profits against the old losses.

So what LEU is doing is attaching a time released preferred share to each common share. If someone buys over 5% of the company every shareholder would get a preferred share dividend. You only get these if someone tries to buy more than 5% of LEU. This is to discourage anyone from trying to buy control of LEU becuase the shares O/S doubles if they try it because they issue those time released preferred shares. Its meant as a take over deterrent.