Bloomberg News

Netflix Poison Pill Takeover Defense Ends Today, 2 Years Early

December 30, 2013

Netflix Inc. (NFLX:US), the top-performing stock in the Standard & Poor’s 500 index this year, said its poison pill anti-takeover defense expires today, almost two years ahead of schedule.

Investors aren’t required to take any action as a result of the change, the Los Gatos, California-based video-streaming service said today in a statement. The poison pill, designed to make an unfriendly takeover more expensive, was adopted in November 2012 and set to expire three years later.

To contact the reporter on this story: Andy Fixmer in Los Angeles at afixmer@bloomberg.net

To contact the editor responsible for this story: Rob Golum at rgolum@bloomberg.net


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Companies Mentioned

  • NFLX
    (Netflix Inc)
    • $454.53 USD
    • -2.38
    • -0.52%
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