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Sotheby's Adopts Shareholder Rights Plan to Fend off Loeb

dealbook.nytimes.com

Poison pen is being met with poison pill.  The auction house Sotheby’s announced on Friday that its board had adopted a shareholder rights plan, known as a poison pill, that is set off whenever an outsider acquires ownership of 10 percent or more of the company’s stock...

Mentions: Activist Investors Corporate Governance Poison Pill