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Technology Stocks : Netflix (NFLX) and the Streaming Wars -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (803)	11/5/2012 2:48:07 PM
From: zax	Read Replies (1) \| Respond to of 2280

Netflix Adopts Poison Pill By THE ASSOCIATED PRESS Published: November 5, 2012 at 2:33 PM ET nytimes.com THE PLAN: Netflix 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. THE PROMPT: It comes less than a week after activist investor Carl Icahn disclosed a stake of nearly 10 percent in the online video company. THE TRIGGER: Netflix says the provision is triggered if a person or group acquires 10 percent of Netflix, or 20 percent in the case of institutional investors, in a deal not approved by the board.