Twitter adopts 'poison pill' to block Elon Musk takeover bid

Österreich Nachrichten Nachrichten

Twitter adopts 'poison pill' to block Elon Musk takeover bid
Österreich Neuesten Nachrichten,Österreich Schlagzeilen
  • 📰 KUT
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 68%

Twitter said the plan is aimed at enabling investors to 'realize the full value of their investment' by making it less likely that Elon Musk would still be interested in a hostile takeover. | via NPR

Elon Musk founder, CEO, and chief engineer/designer of SpaceX speaks during a news conference after a Falcon 9 SpaceX rocket test flight at the Kennedy Space Center in Cape Canaveral, Fla, Jan. 19, 2020.On Friday, the social media company unrolled a defense against Musk's unwelcome takeover bid, introducing what is known as a poison pill to fend off Musk's $43 billion acquisition attempt.

The poison pill will take effect once a person or entity acquires 15% or more of Twitter's shares, according to anfrom Twitter's board of directors, which noted the plan will be in place until next April.With the poison pill plan now in place, Twitter is preemptively defending itself against the possibility of Musk upping his stake in the company.

gives the board a chance to evaluate the bid, whether it makes sense to sell the company, and if they are going to sell the company, whether it makes sense to sell the company to him." Under the terms of the plan, Twitter can still engage with parties interested in buying the company, or even accept an acquisition proposal, if a bid is in the"best interests" of the company and its shareholders.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

KUT /  🏆 77. in US

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Elon Musk offers to buy TwitterElon Musk offers to buy TwitterElon Musk has made an offer to buy Twitter outright, valuing the company at $43.4 billion, according to an SEC filing
Weiterlesen »

Elon Musk Wants to Buy 100% of Twitter in Hostile TakeoverElon Musk Wants to Buy 100% of Twitter in Hostile TakeoverMusk is threatening to sell his existing 9.2% stake in the company if his offer is rejected.
Weiterlesen »

Elon Musk Offers to Buy Twitter, Says Company ‘Needs to Be Transformed'Elon Musk Offers to Buy Twitter, Says Company ‘Needs to Be Transformed'Twitter Inc. said in a regulatory filing on Thursday that Musk provided a letter to the company on Wednesday with a proposal to buy the remaining shares of Twitter that he doesn’t already own.
Weiterlesen »

Elon Musk offers to buy Twitter for $43 billion in cashElon Musk offers to buy Twitter for $43 billion in cashBREAKING: Elon Musk has offered to buy Twitter for $54.20 a share in cash, or about $43 billion, according to documents filed with the SEC.
Weiterlesen »

Elon Musk makes $41.4 billion cash offer to buy TwitterElon Musk makes $41.4 billion cash offer to buy TwitterMusk said that if the offer is not accepted he would 'need to consider position as a shareholder.'
Weiterlesen »

Elon Musk Offers to Buy Twitter for $41.3B to Take Company PrivateElon Musk Offers to Buy Twitter for $41.3B to Take Company PrivateTwitter shares surged more than 12% in pre-market trading following Musk's statement.
Weiterlesen »



Render Time: 2025-03-17 08:30:42