Saturday, October 31, 2020

NETFLIX ADOPTS POISON-PILL TO PREVENT ICAHN TAKEOVER

November 6, 2012 by · Leave a Comment 

In an apparent effort to prevent corporate raider Carl Icahn from taking over their company, Netflix’s board of directors on Monday adopted a poison-pill plan that would dilute the company’s shares to the point where Icahn would be unable to buy another sizable chunk without board approval. Icahn, who disclosed last week that he had […]