‘Poison pill’ stops the presses on boardroom coup attempt at Johnston Press

A discredited US-created management entrenchment provision is being used in the UK. An attempted boardroom coup at Johnston Press has been thwarted by a controversial “poison pill” defence that could hand control of the newspaper publisher to its lenders.Christen Ager-Hanssen, the activist shareholder plotting to oust chairman Camilla Rhodes and the company’s senior management, has…