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Time Warner Strengthens Defences Against Takeover Bids
- The Daily Telegraph, Tuesday, July 22, 2014 8:36 AM
Time Warner has changed its bylaws to reduce the possibility of an extraordinary shareholder meeting being called to accept any further offers from Rupert Murdoch's 21st Century Fox. A rule that previously allowed 15 percent of shareholders to call for a meeting has been scrapped. Any shareholders that want to accept a Murdoch offer will have to wait the best part of a year before the next AGM.
