Twitter Activates "Poison Pill"
Elon Vs. Twitter is about to be a $90 pay-per-view event.
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A poison pill is a method used by a targeted firm to remove the appeal of a hostile takeover. Twitter announced one such plan Friday after Elon Musk's sudden offer to buy the social media platform.
Take two and call us in the morning. Twitter announced The Rights Plan to enable all shareholders to realize the total value of their investment. The plan opens the ability for shareholders to buy additional shares of common stock at a discount if a single entity buys more than 15% of the company without board approval.