Twitter Weighs Poison Pill to Prevent Musk from Increasing Stake Significantly | Hacker News Reader

Twitter Weighs Poison Pill to Prevent Musk from Increasing Stake Significantly

wsj.com

6 pointsgrej5 comments

https://twitter.com/zerohedge/status/1514612329031233547

    > Well this is awkward: TWTR board hired Goldman to "advise" it that the @elonmusk
 $54.20 offer is too low. Only problem: Goldman has a SELL rating with a $30 price target. Oops.

The article doesn't mention what the potential "poison pill" would be. Is this something the board or executive of the company would do? If that's the case then that could bring on an avalanche of shareholder lawsuits. The executives and board of a publicly traded company have a fiduciary duty which precludes telling someone like Elon that his money is no good to attempt a take-over. This could get very entertaining and very litigious in short order.

How about a flip-in?

https://www.investopedia.com/terms/f/flip-in-poison-pill.asp

https://archive.ph/wip/zvqbn

Amazing how terrified they are of elon and even-handed truth.

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