This post has not been vetted or endorsed by BuzzFeed's editorial staff. BuzzFeed Community is a place where anyone can create a post or quiz. Try making your own!

    The Tale of Poison Pills and Activist Investors

    J.C. Penney recently announced amendments to its poison pill plan a defense strategy against potential hostile takeovers extending its expiration from 2014 to 2017 and lowering its threshold of ownership from 10% to 4.9% – in a bid calculated to protect its net operating loss carry-forward as well as lessen the likelihood of an unwanted takeover.

    jeffreyarsenaultgreenwich
    by jeffreyarsenaultgreenwich

    Community Contributor

    The Tale of Poison Pills and Activist Investors

    J.C. Penney recently announced amendments to its poison pill plan a defense strategy against potential hostile takeovers extending its expiration from 2014 to 2017 and lowering its threshold of ownership from 10% to 4.9% – in a bid calculated to protect its net operating loss carry-forward as well as lessen the likelihood of an unwanted takeover.

    Want to get your very own quizzes and posts featured on BuzzFeed’s homepage and app?

    Become a Community Contributor.
    promo

    Sign up to get started

    Learn more about Community