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April 18, 2022

Twitter's Board Adopts "Poison Pill" to Thwart Elon Musk Hostile Takeover Bid
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The world's richest man, Elon Musk, is facing a new obstacle in his bid
to buy Twitter. On Friday, Twitter's board of directors adopted what's
known as a "poison pill" to thwart Musk's $43 billion hostile takeover.
The move could allow existing Twitter shareholders to buy additional
shares at a discounted price. This would dilute Musk's stake in Twitter
and make it more expensive for him to buy the company.


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