Twitter unrolled a defense against Elon Musk's unwelcome takeover bid, introducing what is known as a poison pill to fend off Musk's $43 billion acquisition attempt.
Musk holds about 9% of Twitter stock, but he has made an offer to buy the company outright.
"The poison pill puts a temporary roadblock in front of Musk going forward," said corporate governance expert Edward Rock, who teaches at NYU Law School."It Twitter said the plan is aimed at enabling investors to"realize the full value of their investment" by making it less likely that Musk would still be interested in a hostile takeover.Under the terms of the plan, Twitter can still engage with parties interested in buying the company, or even accepting an acquisition proposal, if a bid is in the"best interests" of the company and its shareholders.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Twitter adopts 'poison pill' to block Elon Musk takeover bidTwitter said the plan is aimed at enabling investors to 'realize the full value of their investment' by making it less likely that Elon Musk would still be interested in a hostile takeover. | via NPR
Weiterlesen »
Twitter adopts ‘poison pill’ defense in Elon Musk takeover bidTwitter said Friday that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company and take it private.
Weiterlesen »
Twitter adopts 'poison pill' defense in Elon Musk takeover bidTwitter said Friday that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company and take it private.
Weiterlesen »
Twitter board adopts poison-pill defense to block Elon Musk takeoverThe strategy is aimed at diluting the ownership of a hostile party such as Musk, who this week made a $40 billion bid to acquire the social media company.
Weiterlesen »
Twitter adopts 'poison pill' defense in Musk takeover bidTwitter said in a statement Friday that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company and take it private
Weiterlesen »
Twitter adopts 'poison pill' defense in Musk takeover bidTwitter said Friday that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company for more than $43 billion and take it private
Weiterlesen »