1. Netflix Board Adopts Antitakeover Plan

    Netflix Board Adopts Antitakeover Plan

    Netflix Inc. said its board of directors adopted an antitakeover plan intended to block activist investor Carl Icahn from expanding his nearly 10% stake in the streaming video and DVD-by-mail company.

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    1. Adopting a rights plan is a very reasonable thing to do in light of the recent, and stealth, accumulation of stock and options by an activist investor.
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