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.
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.