MRV Adopts Rights Plan to Protect Net Operating Loss Carryforwards

CHATSWORTH, Calif.--(BUSINESS WIRE)--MRV Communications (NASDAQ: MRVC), a global provider of packet and optical networking solutions, announced today its Board of Directors has adopted a rights plan as a measure to protect the Company’s existing net operating loss carryforwards (NOLs) and to reduce its potential future tax liabilities. As of December 31, 2014, the Company had NOLs of approximately $180 million.