Twitter Board Adopts 'Poison-Pill' Defense To Block Elon Musk's Bid To Buy Company
The move comes as a defensive response that could lead to a massive dilution of existing shareholders.
In a new development, microblogging site Twitter's board has invoked "poison pill" in an attempt to thwart Tesla CEO Elon Musk's takeover. The move comes as a defensive response that could lead to a massive dilution of existing shareholders.
Check tweet:
JUST IN - Twitter's board invokes "poison pill" in an attempt to thwart Elon Musk's takeover - a defensive response that could lead to a massive dilution of existing shareholders.
тАФ Disclose.tv (@disclosetv) April 15, 2022
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(The above story first appeared on LatestLY on Apr 15, 2022 10:52 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
