Forum | BBC regarding Twitter Poison Pill defence against Musk takeover. by 49thseason

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BBC regarding Twitter Poison Pill defence against Musk takeover. 14:08 - Apr 16 with 1535 views

Seems we are not alone...

"Twitter is trying to make itself inedible to a predator. Its wrapping itself with spikes and covering itself with poison.

The poison pill strategy has been around for decades - and it works.

Twitter will flood the market with new shares if Elon Musk buys more than 15% of the company. That would then dilute his share of the company. Clever.

This doesn't necessarily mean Twitter is saying it doesn't want to be bought. The mechanism simply gives the board more power to prevent a hostile takeover".

https://www.bbc.co.uk/news/world-us-canada-61123200

BBC regarding Twitter Poison Pill defence against Musk takeover. on 17:27 - Apr 16 with 1354 views

mikehunt

Will Musk then take them to court?

The worm of time turns not for the cuckoo of circumstance.

BBC regarding Twitter Poison Pill defence against Musk takeover. on 18:42 - Apr 16 with 1299 views

49thseason

BBC regarding Twitter Poison Pill defence against Musk takeover. on 17:27 - Apr 16 by mikehunt
Will Musk then take them to court?

Maybe, the difference being that Twitter is a quoted company where the directors have a duty to look after the shareholders, I guess there may have to be a poll of shareholders to make the final decision as to whether they want to sell the company. Musk will of course have a vote.

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