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Netflix adopts poison pill defense after Icahn stake

Tuesday, November 6, 2012 | More »

netflix
Netflix Inc has adopted a poison pill defense against a hostile takeover, it said on Monday, days after activist investor Carl Icahn disclosed a stake in the video rental company. Shares of Netflix fell 1.3 per cent to $75.90 in early Nasdaq trading. The shareholder rights plan is aimed at preventi...