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Netflix tries to block Icahn with a poison-pill defense
Netflix's board of directors on Friday adopted a stockholder rights plan, commonly known as a poison-pill defense, to keep activist investor Carl Icahn from acquiring more shares in the company. Icahn, who owns nearly 10% of Netflix's shares, said in a regulatory filing that the company's new poison pill was "particularly troubling" and criticized Netflix for "poor corporate governance."
Bloomberg (tiered subscription model) (11/5), Home Media Magazine (11/5)
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