poison pill

Temple-Inland's board has adopted a shareholder rights plan, a day after the packaging and building materials maker rejected a $3.3 billion unsolicited bid from bigger rival International Paper Co.

Hospital operator Tenet Healthcare Corp. says it is adopting a poison pill stock distribution measure as it tries to fight off a $3 billion takeover bid by rival Community Health Systems Inc.

Bioscience company Metabolix Inc. on Tuesday said its board adopted a shareholder rights plan, commonly called a "poison pill," aimed at thwarting attempts at a hostile takeover.

If a recent leak of information is true, Yahoo CEO Jerry Yang and board chairman Roy Bostock are looking worse and worse.

Remember all that grandstanding last spring about employee severances and retention packages when Microsoft’s offer to buy was still on the table?

Remember the nasty letters between Carl Icahn and Bostock about that and how Bostock seemed to be looking out for employees and Icahn said it was just a poison pill to add a couple of billion to the price tag and dissuade Microsoft?

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