|
Selectica to Consider Allowing Investors to Purchase a Greater Stake in the Company
Company to Consider Waiving Rights Plan Limitations In Light of Current Tax Law Calculation
SAN JOSE, Calif., March 22, 2010 -- Selectica (NASDAQ: SLTC), a leading provider of contract lifecycle management and sales configuration solutions, today announced that its Board of Directors has determined that additional share purchases above the limits currently permitted under its Shareholder Rights Plan may not jeopardize the value of the Company’s net operating loss carry forwards (NOLs). Accordingly, the Company is now accepting Indications of Interest from investors who wish to purchase shares above the current plan limits.
|