Published 2 years ago

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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Times of India

musk: Twitter adopts ‘poison pill’ to ward off $43 billion Musk takeover - Times of India

International Business News: The board set up a shareholder rights plan, exercisable if a party acquires 15% of the stock without prior approval, lasting for one year only. The pl

2 years ago·India

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News18 India

Twitter Adopts 'Poison Pill' to Shield Elon Musk Takeover, But Tesla CEO Not Giving Up Yet

Twitter Adopts 'Poison Pill' to Shield Elon Musk Takeover, But Tesla CEO Not Giving Up Yet; While Elon Musk had no immediate reaction to this move, a report pointed out that the the Tesla CEO speaking to investors who could partner with him in taking over Twitter.

2 years ago·India

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The Guardian

Twitter adopts ‘poison pill’ plan to shield itself from Elon Musk takeover

The social media company adopted a shareholder rights plan to protect itself from the billionaire’s bid

2 years ago·London, United Kingdom

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CTV News

Twitter adopts 'poison pill' defence in Elon Musk takeover bid

Twitter said Friday that its board of directors has unanimously adopted a "poison pill" defence in response to Tesla CEO Elon Musk's proposal to buy the company and take it private.

2 years ago·Canada

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The Independent

Twitter enacts ‘poison pill’ measure to defend itself against Elon Musk takeover

Move will kick in if Tesla boss manages to buy more than 15 per cent of the platform

2 years ago·London, United Kingdom

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Reuters

Twitter adopts 'poison pill' as challenger to Musk emerges

Twitter Inc adopted a 'poison pill' on Friday to limit Elon Musk's ability to raise his stake in the social media platform, as a buyout firm emerged to challenge his $43 billion bid for the company.

2 years ago·United Kingdom

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