Twitter Board Does Not Want to Sell to Elon Musk | Poison Pill Plan ENACTED | RAZE TWITTER!!!

3 years ago

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ElonMusk PoisonPill Twitter Twitter board adopts ‘poison pill’ after Musk’s $43 billion bid to buy company Twitter adopted a limited duration shareholder rights plan often called a “poison pill ” a day after billionaire Elon Musk offered to buy the company for $43 billion the company announced Friday. Such a move is a common way to fend off a potential hostile takeover by diluting the stake of the entity eying the takeover. The board voted unanimously to adopt the plan.

Twitter does not want to relinquish power to Elon at any price.

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