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Twitter board adopts poison pill defense after Musk’s $43 billion bid to buy company
CNBC ^

Posted on 04/15/2022 9:45:25 AM PDT by janetjanet998

click here to read article


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1 posted on 04/15/2022 9:45:25 AM PDT by janetjanet998
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To: janetjanet998

What is plan B?

VIDEO Elon Musk says if this Twitter deal doesn’t work out he has a plan B
https://rumble.com/v10zfkq-elon-musk-says-if-this-twitter-deal-doesnt-work-out-he-has-a-plan-b.html


2 posted on 04/15/2022 9:46:36 AM PDT by janetjanet998
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To: janetjanet998

And they’ve just breached their fiduciary responsibilities. Let the lawsuits begin.

CC


3 posted on 04/15/2022 9:48:03 AM PDT by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: janetjanet998

The Twitter Board is bordering on fiduciary neglect.


4 posted on 04/15/2022 9:48:19 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: janetjanet998

Get popcorn. Twitter is gonna start taking dark money, deep pockets to save itself. PR is gonna go to sh*t, shareholders will be screwed and lawsuits will fly!


5 posted on 04/15/2022 9:48:24 AM PDT by IllumiNaughtyByNature (The kernel of our firm's job is to go with lots. - tnlibertarian job offer letter)
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To: Celtic Conservative

Sue ‘em to forever.


6 posted on 04/15/2022 9:49:32 AM PDT by GOPJ (DeSantis is sending illegasls to Matha's Vineyard - doesn't get any better than that...)
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To: janetjanet998

Musk should start his own competitor to Twitter.


7 posted on 04/15/2022 9:49:45 AM PDT by Signalman
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To: JonPreston

In the name of stifling free speech. What is the matter with these people.


8 posted on 04/15/2022 9:49:46 AM PDT by skeeter
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To: janetjanet998

https://money.cnn.com/quote/quote.html?symb=TWTR

The institutional ownership is made up of Deep Staters with deep pockets who can pick the taxpayers’ pockets at will.


9 posted on 04/15/2022 9:51:11 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: Signalman

Or help out Rumble and Trump Media (Truth social)


10 posted on 04/15/2022 9:51:13 AM PDT by janetjanet998
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To: IllumiNaughtyByNature

I hope Twitter tries to fight, loses the fight, Musk gets in, and then Musk runs forensic accounting. “Hey, where did this money come from? Are you guys a CIA operation? Or is it Muslim Brotherhood? Or China? This doesn’t look like any publicly traded company I’ve ever seen ...”


11 posted on 04/15/2022 9:51:30 AM PDT by ClearCase_guy (It's hard to "Believe all women" when judges say "I don't know what a woman is".)
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To: janetjanet998

Won’t this dilute the value of Twitter stock?


12 posted on 04/15/2022 9:51:47 AM PDT by circlecity
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To: skeeter

No one should believe any longer that modern corporations are models of capitalism. They are agents of social change and they will blow up their buildings before they change.


13 posted on 04/15/2022 9:53:57 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: skeeter
Re: What is the matter with these people.

Their dedication to progressive principles and ideological purity at the expense of profitability is admirable. They may be serving as exemplars for the White House in its own similar pursuit at the expense of rapid loss in popularity.

14 posted on 04/15/2022 9:54:12 AM PDT by nwrep
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To: Celtic Conservative

Since he’s a share holder, can’t he sue them?


15 posted on 04/15/2022 9:54:47 AM PDT by livius
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To: janetjanet998

So, twitter doesn’t care about the shareholders. They could have cashed out and moved to other investments. Now they will get less, and likely the longer they wait the less they will get back.

To bad the left couldn’t have fought that hard to keep manufacturing companies in the US open!!


16 posted on 04/15/2022 9:55:13 AM PDT by Pete Dovgan
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To: livius

Any shareholder can sue for breach of fiduciary responsibility.

CC


17 posted on 04/15/2022 9:56:44 AM PDT by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: janetjanet998

Well depending on how devious Musk is he could use this to his advantage, quietly get a couple billionaires or investment groups that agree with his plan. Buy up 15% to trigger the “poison pill” where the board starts issuing tons of “discount” stock, have his “straw men” jump in and buy up all the discount stock, with the result that dumping tons of new stock will crater the price of existing stock, then buy up enough to get 50.1% and control of the company at a huge discount.


18 posted on 04/15/2022 9:57:21 AM PDT by apillar
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To: Pete Dovgan

Market is closed today

I have a hunch other pro twitter firms will also make some kind of offer over the weekend to stop the stock price nosedive monday


19 posted on 04/15/2022 9:57:35 AM PDT by janetjanet998
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To: JonPreston

And if the Republican party actually represented conservative voters, there would be a bunch of Republican politicians pointing out how we never hear Democrats trashing big corporations anymore, now that Republican voters have embraced populism, and are no longer interested in participating in Uniparty fake wrestling, and cheering for the Koch brothers.


20 posted on 04/15/2022 10:02:59 AM PDT by The Fop (God Bless Donald Trump, Frank Sinatra, Joan Rivers, and the Fightin' Rat Pack Wing of the GOP)
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