Twitter adopts poison pill defense to block Elon Musk takeover

Twitter’s board of directors announced in a press release that the company is adopting a limited duration shareholder rights plan — a “poison pill” in merger and acquisition lingo. While the company doesn’t name Elon Musk directly, Twitter is clearly trying to prevent the billionaire from buying the social network. Elon Musk currently owns 9.2% […]

Read in full here:

This thread was posted by one of our members via one of our news source trackers.

3 Likes