Last week, American business mogul Carl Icahn became a major investor in Netflix after purchasing a nearly 10 percent share in the company. Far from being a silent investor, Icahn immediately claimed said to Bloomberg that Netflix was a good prospect to eventually sell its business to another company like Amazon, Microsoft, Verizon, or Google. Netflix's board has quickly drawn up and announced a new stockholder rights plan designed to protect against takeover efforts that the company's board determines are "not in the best interests of Netflix and its shareholders."
The plan gets triggered if any individual shareholder acquires more than 10 percent of Netflix's total shares and would give other shareholders the right to acquire more...
via The Verge - All Posts http://www.theverge.com/2012/11/5/3603590/netflix-poison-pill-shareholder-plan-takeover
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