Reuters: Lifestyle: Sotheby's adopts "poison pill" after Loeb raises stake

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Sotheby's adopts "poison pill" after Loeb raises stake Oct 4th 2013, 13:32 (Reuters) - Sotheby's adopted a "poison pill" to ward off an unwanted takeover, two days after activist investor Daniel Loeb's Third Point LLC announced that it raised its stake in the auctioneer and called for its chief executive to step down.

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