Twitter adopts 'poison pill' to prevent Elon Musk takeover

[shockedcanadian]

The ideological cult members aren't in business to make money it seems. They probably want an anti-American investor to place a bid. They want to maintain their power on the Board. Unanimously approved? Why?

Maybe Musk should openly state that he will develop/invest in a competing product and mock the horrific leadership at twitter. Sell all his shares at once and watch shareholders lose their shyte over the money they've lost out on.

Twitter adopts 'poison pill' to prevent Elon Musk takeover

Twitter's board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk's $54.20 per share offer to take the social media giant private.

www.foxbusiness.com

Twitter's board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk's $54.20 per share offer to take the social media giant private.



Under the plan, which is also referred to as a "poison pill", shareholders' rights will become exercisable if an entity, person or group acquires beneficial ownership of 15% or more of Twitter's outstanding common stock in a transaction not approved by the board. In the event that the rights become exercisable, shareholders will be entitled to purchase additional shares of common stock at a discounted rate.

The board says the plan "is intended to enable all shareholders to realize the full value of their investment in Twitter" and will "reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders."

 

[Baron Von Murderpaws]

Nobody cares.

 

[Moonglow]

Have you never seen a hostile takeover in your lifetime? They used to be the craze in the 1970s and 1980s.

 

[Devils_Advocate]

Do me a favor and look up porn on Twitter and then realize Twitter is the new Craigslist for sex trafficking and these idiots are worried about Musk taking control?

For good reason because if the Federal Government or World discovered Twitter dirty little secret they would be ruined!

 

[Confederate Soldier]

Damn, I thought they were taking cyanide pills like the nazis in '45.

 

[WEATHER53]

A potential leading media cannot be allowed to be owned by a conservative. Too many facts and moral principals will ruin the Democrsts
Lib 101

 

[Manonthestreet]

 

[Newmarduk]

Here is a idea: buytwitter.org

Turn Twitter into a consumer-owned cooperative like credit unions and Recreation Equipment Inc

 

[The Sage of Main Street]

Nobody cares.

Twitter A-Flitter Gets a Power Hitter

George Soros cares. He'll be the Tweetie Pies' "White Knight." They have the perfect platform for his Glowbully agenda.

 

[Burgermeister]

If they don't take his offer he'll dump his shares and Twitter will never see this price again. It's on the decline as things are now.

 

[munkle]

If they don't take his offer he'll dump his shares and Twitter will never see this price again. It's on the decline as things are now.

F&^k with them Elon!

 

[Weatherman2020]

We had to destroy Twitter in order to destroy it.

 

[Cecilie1200]

The ideological cult members aren't in business to make money it seems. They probably want an anti-American investor to place a bid. They want to maintain their power on the Board. Unanimously approved? Why?

Maybe Musk should openly state that he will develop/invest in a competing product and mock the horrific leadership at twitter. Sell all his shares at once and watch shareholders lose their shyte over the money they've lost out on.

Twitter adopts 'poison pill' to prevent Elon Musk takeover

Twitter's board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk's $54.20 per share offer to take the social media giant private.

www.foxbusiness.com

Twitter's board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk's $54.20 per share offer to take the social media giant private.



Under the plan, which is also referred to as a "poison pill", shareholders' rights will become exercisable if an entity, person or group acquires beneficial ownership of 15% or more of Twitter's outstanding common stock in a transaction not approved by the board. In the event that the rights become exercisable, shareholders will be entitled to purchase additional shares of common stock at a discounted rate.

The board says the plan "is intended to enable all shareholders to realize the full value of their investment in Twitter" and will "reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders."

My question is, do they really think that Elon Musk didn't anticipate the possibility of this decision, and make plans for dealing with it? And do they really think he's just going to throw up his hands and say, "Oh, well, never mind then, I'll just walk away from the money I've already spent on this"?

Okay, that's two questions.

 

[Weatherman2020]

The fact the Left at Twitter refuses to take a great offer of money shows it’s only about controlling a narrative.

 

[Snouter]

The current CEO of Twitter cannot speak English. I am so curious, how can an illiterate retard who cannot speak English be appointed to control a major corporation that is particularly important in regards to communication with others. From what I understand the ugly ass bastard who cannot speak English has actually been a resident in the USA for a number of years.

Musk needs to hire some good corporate attorneys and hope the judge they face is not Deep State (unlikely). Public corporations are most importantly subject to free market activity such as what Musk is engaging in or the public status of Twitter is a sham.

 

[ThisIsMe]

The ideological cult members aren't in business to make money it seems. They probably want an anti-American investor to place a bid. They want to maintain their power on the Board. Unanimously approved? Why?

Maybe Musk should openly state that he will develop/invest in a competing product and mock the horrific leadership at twitter. Sell all his shares at once and watch shareholders lose their shyte over the money they've lost out on.

Twitter adopts 'poison pill' to prevent Elon Musk takeover

Twitter's board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk's $54.20 per share offer to take the social media giant private.

www.foxbusiness.com

Twitter's board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk's $54.20 per share offer to take the social media giant private.



Under the plan, which is also referred to as a "poison pill", shareholders' rights will become exercisable if an entity, person or group acquires beneficial ownership of 15% or more of Twitter's outstanding common stock in a transaction not approved by the board. In the event that the rights become exercisable, shareholders will be entitled to purchase additional shares of common stock at a discounted rate.

The board says the plan "is intended to enable all shareholders to realize the full value of their investment in Twitter" and will "reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders."

I'm thinking like you...why doesn't musk just take that 43 billion offer and create a competing, much better platform. With that kind of money, and his intuition, he could probably replace twitter in a very short time.

 

[Cecilie1200]

I'm thinking like you...why doesn't musk just take that 43 billion offer and create a competing, much better platform. With that kind of money, and his intuition, he could probably replace twitter in a very short time.

Rumor has it that's one of his Plan B options if Twitter refuses to cooperate.

 

[WEATHER53]

A powerful conservative media Giant will encounter great difficulty in even getting there

 

[Weatherman2020]

I'm thinking like you...why doesn't musk just take that 43 billion offer and create a competing, much better platform. With that kind of money, and his intuition, he could probably replace twitter in a very short time.

And miss out having every Leftard freaking out for months? He’s still earning interest until he gets or loses his bid.

 

[Cecilie1200]

And miss out having every Leftard freaking out for months? He’s still earning interest until he gets or loses his bid.

I'm not discounting the possibility that Elon Musk could make a mistake, because anyone can. But I'm assuming, until contradictory evidence is presented, that he has a good idea of what he's doing.