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Twitter Officially Launches Poison Pill to Fight Musk Takeover

By WebsCryptoApril 16, 20221 Min Read
Twitter Officially Launches Poison Pill to Fight Musk Takeover
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Following a decision by its board of directors, Twitter has officially launched a poison pill, a time-limited shareholder rights plan, to counter Musk’s takeover.

The program is triggered by anyone acquiring 15% or more of Twitter‘s outstanding common stock in a transaction not approved by the board of directors, and the program is valid for one year. Twitter considers poison pill to fend off Musk’s hostile takeover.

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