Last week, Esmark said it had adopted what is known as a poisonpillplan, an antitakeover provision that is triggered if an entity attempts to acquire 15.0% or more of the company's common stock.
This morning, Netflix announced that it has adopted a poisonpill shareholder rights plan as a defense against unfriendly attempts to take control of the company.
Bostock and the rest of the board call the offer insufficient and adopt a poison pill-type HR plan to make it virtually impossible for Microsoft to go through with the deal in a hostile manner.