Shareholders leave Disney vunerable for takeover

The Walt Disney Company has set up some protections against being the victim of a hostile takeover, but the so called ‘poison pill’ option was voted down by Shareholders at yesterday’s shareholder meeting in New Orleans.

Hopefully this wasn’t a bad move, but with Comcast’s recent attempt at a takeover so fresh, you’d think Disney would benefit from a little more protection. (Read)

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