Your current location is:{Current column} >>Text
Twitter adopts 'poison pill' to fight Musk takeover By Reuters
{Current column}862People have watched
Introduction© Reuters. Elon Musk's twitter account is seen on a smartphone in front of the Twitter logo in this ...

(Reuters) -Twitter Inc on Friday adopted a limited-duration shareholder rights plan to protect itself from billionaire entrepreneur Elon Musk's $43 billion cash takeover offer.
Musk made the bid on Wednesday in a letter to the board of Twitter- the micro-blogging platform that has become a global means of communication for individuals and world leaders - and it was made public in a regulatory filing on Thursday.
After his TED talk on Thursday, Musk hinted at the possibility of a hostile bid in which he would bypass Twitter (NYSE:TWTR)'s board and put the offer directly to its shareholders, tweeting: "It would be utterly indefensible not to put this offer to a shareholder vote."
Under the plan, also known as a 'poison pill' strategy to resist a bid from a potential acquirer, the rights will become exercisable if anyone acquires ownership of 15% or more of Twitter's outstanding common stock in a transaction not approved by the Board.
The rights plan will expire on April 14, 2023, Twitter said.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!
Tags:
Related articles
4 big analyst picks: NVIDIA bags 3 upgrades on strong earnings, outlook By
{Current column}Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at ...
Read moreSam Bankman
{Current column}The can be attributed to the efforts taken by the crypto community to aid investigations and track ...
Read moreDeadly blizzard, deemed worst in 45 years, paralyzes greater Buffalo, N.Y By Reuters
{Current column}By Gabriella Borter(Reuters) - Road and utility crews faced the task on Monday of digging out and re ...
Read more
Popular Articles
- Dow futures fall 65 pts; debt talks, job openings, Beige Book in focus By
- Brazil's record 2023 bond bill underscores rising debt burden By Reuters
- Is Eurocapital Fx Trading Safe? Eurocapital Fx Review
- GoldingFX Trading Is Safe? Company Abbreviation GoldingFX
- Activist investor Engaged Capital plans proxy battle at Shake Shack
- Bebor Trading Is Safe? Company Abbreviation Bebor
Latest articles
-
Oil rally stalls as markets weigh tighter supply, demand disruption By
-
Elon Musk's vow to hold on to Tesla stock fails to soothe investors By Reuters
-
India makes COVID test mandatory for arrivals from some countries, including China By Reuters
-
RonghanInvest Trading Is Safe? Company Abbreviation RonghanInvest
-
S&P 500 slips as debt ceiling impasse weighs By
-
European stock markets open higher to start holiday week trading By