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Twitter adopts poison pill in bid to thwart Elon Musk takeover

Summary by Ground News

Twitter's plan would take effect if Musk's roughly 9% stake grows to 15% or more. Even then, Musk could still take over the company with a proxy fight by voting out the current directors. Twitter said the plan doesn't prevent the board from engaging with parties or accepting an acquisition proposal.

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Hot Air

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Twitter's "poison pill" strategy to thwart Musk

Will it work?

3 years ago·Arlington, United States

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CGTN

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Twitter adopts 'poison pill' as challenger to Musk emerges

3 years ago·Beijing, China

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i24NEWS

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Twitter adopts 'poison pill' to challenge Musk

Known formally as a shareholder rights plan, the ‘poison pill’ will be in place for 364 days - Click the link for more details.

3 years ago

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The Quint

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Twitter Adopts 'Poison Pill' Defence in Response to Elon Musk's Takeover Bid

Tesla CEO Elon Musk had offered to buy 100 percent of the microblogging site for $43 billion and take it private.

3 years ago·India

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National Post

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Twitter adopts 'poison pill' as challenger to Musk emerges

Twitter said on Friday it adopted a poison pill that would dilute anyone amassing a stake in the company of more than 15 per cent by selling more shares to…

3 years ago·Canada

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India TV News

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Twitter adopts 'poison pill' mechanism to shield itself from Elon Musk's takeover bid

The provision will be triggered if Musk (or any other investor) acquires more than 15 per cent of the company's shares. Musk currently owns around 9 per cent of Twitter's shares.

3 years ago·India

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