Netflix adopts poison pill

Mon Nov 5, 2012 9:16am EST

Nov 5 (Reuters) - Video rental company Netflix Inc adopted a poison pill to block hostile takeovers, days after billionaire investor Carl Icahn disclosed a 10 percent stake in the company.

The shareholder rights plan is not intended to interfere with any merger, tender or exchange offer or other business combination approved by the board, Netflix said in a statement.

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