LOUISVILLE Ky. Taco Bell parent Yum! Brands Inc. said it will scrap its so-called poison-pill defense against a takeover, a move described by the company as an enhancement of its corporate-government policies. Yum! said it would also modify its standards for the approval of uncontested board nominees to accept a simple majority of shareholder votes, instead of a super-majority.Under the changes approved by the board, the poison-pill provision of the ...
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Contact: Desiree Torres Desiree.Torres@penton.com