Starz Entertainment said its board voted unanimously to adopt a limited-duration shareholder protection rights agreement, also known as a “poison pill,” effective immediately and expiring in a year. The move follows Byron Allen acquiring a big chunk of stock in the company. The Allen Media Group founder and CEO unveiled a 10.7% stake in Starz last […]

Starz has implemented a 'poison pill' defense strategy just days after media executive Byron Allen acquired a stake in the company.

Media mogul Byron Allen has reportedly acquired a significant stake in the premium cable and satellite television network Starz for $25 million.