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Stephen Taub
Premium
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.
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. The company says it took

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