excitement will not be climbed by elon musk: the board of the social platform has announced that it will literally react to any attempt to buy using the Poison Pill system. poison pill.
We know Elon Musk wants to buy Twitter by offering $54 per share, so the company will use one. financial maneuver It is designed for hostile takeovers that allow some shareholders to increase their stake.
For this reason, the board of directors will try to protect itself by implementing this mechanism, and it seems that it has presented a plan to the American Securities and Exchange Commission in this direction. A few days ago, it was reported that Musk has become the most important shareholder, buying 9% of the total stake in Twitter. But Tesla’s founder declined an invitation to join the board, which would have prevented him from going beyond 15%.
When asked why he was interested in the social platform, Musk said he invested in Twitter because he was convinced of Twitter’s potential and believed it would “make an excellent platform for free speech worldwide.”
Source: Multiplayer
