Here is why it will be difficult for Elon Musk to buy Twitter
The bitterly named plan, which is actually called a “shareholder’s rights plan,” would allow shareholders other than Musk to buy additional stock at a discounted price, flooding the market with shares that would then trade at a premium. That would make it difficult for Musk, who already owns more than 9 percent of the company, to get a much higher stake without spending a lot more money.The poison pill only goes into effect if Musk takes more than a 15 percent stake in the company.
The board also has to answer to shareholders, and some have already expressed their displeasure at Musk’s bid.
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