BRN - Mergers and acquisitions

HONOLULU, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") today announced that the Board of Directors (the "Board") of Barnwell has adopted a limited-duration shareholder rights plan ("Rights Plan") designed to protect the interests of the Company and all of its shareholders. The Rights Plan is also intended to provide the Board sufficient time to make informed judgments and take actions that are in the best interests of Barnwell and all of its shareholders. The Rights Plan was adopted in response to the significant ownership position of Ned Sherwood and his affiliates (the "Sherwood Group"), which, based on public records, is approxi

HONOLULU, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") announced today that its Board of Directors (the "Board") has adopted a Tax Benefits Preservation Plan (the "Tax Plan") designed to protect the availability of the Company's existing net operating loss carryforwards and certain other tax attributes (collectively, the "Tax Benefits"). The Company has generated substantial Tax Benefits, which could potentially be used in certain circumstances to reduce its future income tax obligations. Utilization of these NOLs and other Tax Benefits depends on many factors, including the Company's future taxable income. Additionally, the Company'