Wed. May 18th, 2022

Twitter has just adopted a poison pill against a potential hostile takeover bid by Elon Musk, who recently made a $43 billion bid to buy 100% of the company’s stock.

The plan, which was unanimously approved by Twitter’s board, is designed to make it much more difficult to buy more than 15% of the company’s stock, according to the press release issued by Twitter announcing the moving.

By Admin

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