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When Poison Pills Aren’t Poisonous

Companies are increasingly adopting poison pills to ward off activist investors. And sometimes, they’re just what the doctor ordered.

By Stephen Taub Stephen Taub
August 23, 2013
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Pershing Square founder William Ackman
Photo credit: (Bloomberg)

J.C. Penney Co. is the latest company to adopt what is called a short-term shareholder rights plan to protect itself from a hostile takeover.

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William Ackman Carl Icahn
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