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Cisco Eliminates ‘Poison Pill’ Provision

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From Bloomberg News

Cisco Systems Inc. eliminated a provision that would help the company repel an unwelcome takeover attempt.

The so-called poison pill expired Monday, San Jose-based Cisco said in a filing with the Securities and Exchange Commission.

Poison pills, used by companies that don’t want to be acquired, typically trigger the issuance of shares to make the target prohibitively expensive.

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