TWITTER BOARD WEIGHING PLAN TO THWART MUSK’S TAKEOVER PLAN: NYT
As I understand it, Twitter’s basing their poison pill strategy on the assumption that the hostile takeover attempt accompanies a profit motive. Musk is proposing 53 dollars a share to a stock that’s only valued at 10. Profit is not clearly a motive here. Although, it may result in a healthy profit anyway.