North York, ON
reply to cpsycho
Re: [Rant] The beginning of the end for Netflix Netflix readies poison pill to block takeover
quote:I think he's out of luck for a takeover now.
Netflix Inc. said yesterday that it has adopted a shareholder-rights plan, also known as a poison pill. Such a plan is designed to make it difficult or even impossible for someone to take over the company without an agreement from the board. When the provision is triggered, additional shares flood the market and make it prohibitively expensive for a takeover.
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