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Saturday, February 2, 2008

Yahoo has 'poison pill' ready against Microsoft

ahoo Inc has some defense at its disposal should Microsoft Corp's unsolicited $44.6 billion bid turn hostile, as the Internet company adopted a poison pill in 2001.
Poison pills are defense mechanisms companies put in place to fend off unwanted takeovers, typically working by giving shareholders the ability to buy stock at a bargain price in the event a predator buys a stake above a certain level.

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