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Twitter adopts 'poison pill' rights plan to block Musk's $43 billion takeover bid
short by Hiral Goyal / on Friday, 15 April, 2022
Twitter is adopting a limited duration shareholder rights plan, often called a 'poison pill', after the world's richest man Elon Musk offered to buy the company for $43 billion. Under this plan, if any person or group acquires at least 15% of Twitter's stock without the board's approval, other shareholders will be allowed to purchase additional shares at a discount.
read more at Reuters