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Netflix Gives Raider Icahn Poison Pill, Protects Itself from Buyout Until 2015

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Netflix is protecting itself from takeover-hungry Carl Icahn. On November 5 Netflix CEO Reed Hastings announced that the company has a new three-year stockholder rights plan, allowing it to allocate one "right" to each of its outstanding shares, making Netflix's seizure more difficult by outside parties.

By Beth Hanna
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November 5, 2012 1:52 PM
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