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UPDATE 2-Netflix adopts poison pill defense after Icahn stake

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Published: Monday, 5 Nov 2012 | 3:36 PM ET
By: Lisa Richwine
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*Netflix shares up 1 pct. Nov 5- Netflix Inc adopted a poison pill defense against a hostile takeover, days after activist investor Carl Icahn disclosed a stake in the video rental company. The move is aimed at preventing an outsider who lacks Netflix board approval from accumulating a stake of 10 percent or more, the company said in a statement.

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