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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

Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced Friday.

The board voted unanimously to adopt the plan.

Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed to purchase additional shares at a discount.

The plan is set to expire on April 14, 2023.


TOPICS: News/Current Events
KEYWORDS: amc; elonmusktwitter; gamestop; meme; memestock; poisonpill; twitterboard
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To: janetjanet998

So he gets another shareholder to purchase 15% with a no interest load from Elon and then Elon can buy the rest of the stock at that “discount” offer.


41 posted on 04/15/2022 10:25:35 AM PDT by TonyM (Score Event)
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To: TonyM

load=loan


42 posted on 04/15/2022 10:26:13 AM PDT by TonyM (Score Event)
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To: TonyM

load=loan


43 posted on 04/15/2022 10:26:13 AM PDT by TonyM (Score Event)
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To: Signalman
Musk should start his own competitor to Twitter.

He doesn't want some crappy alternative to Twitter. He wants Twitter. The company is a gold mine being run like a lemonade stand.

Guys like Musk don't lose. They only pick fights they know they'll win.

44 posted on 04/15/2022 10:27:19 AM PDT by Drew68 (Ron DeSantis for President 2024)
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To: skeeter
In the name of stifling free speech. What is the matter with these people.

They are sensing a threat to their closed narrative machine. It's not hard to figure out.
45 posted on 04/15/2022 10:27:23 AM PDT by Antoninus (Republicans are all honorable men.)
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To: Captain Peter Blood

“ Wasn’t that what Truth Social was supposed to be?????????????”

Yep, but again Trump pick the wrong guy to do it. He gave it to a politician instead of a tech guy. If Elon took it over it would eclipse twatter in 6 months or less.


46 posted on 04/15/2022 10:29:12 AM PDT by TonyM (Score Event)
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To: TonyM

Trump now at 962,000 followers on Truth Social, just saw a waitlist number over 1,500,000

It’s slowly growing


47 posted on 04/15/2022 10:35:47 AM PDT by janetjanet998
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To: janetjanet998

I hope if the Twitter poison pill defense fails that Plan B is the Jonestown Kool-Aid defense,


48 posted on 04/15/2022 10:35:49 AM PDT by hflynn ( )
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To: janetjanet998

They’ve just verified they are everything Elon and others have said about them. Very non strategic move.


49 posted on 04/15/2022 10:39:07 AM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: janetjanet998

Has trump posted anything there?


50 posted on 04/15/2022 10:39:41 AM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: janetjanet998

Twitter-Nazis Blitzkrieg.


51 posted on 04/15/2022 10:42:41 AM PDT by windsorknot
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To: dynoman

Has trump posted anything there?
-

not since the first message a couple of months ago

He is waiting until they build up the infrastructure I read

but 1.5 Million accounts and only on Apple App store and only in the US without him posting isn’t as bad as the “failure” the media is saying


52 posted on 04/15/2022 10:44:16 AM PDT by janetjanet998
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To: JonPreston

Investing in an echo chamber doesn’t do much for the cause


53 posted on 04/15/2022 10:45:24 AM PDT by Manuel OKelley
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To: bk1000

Who knew actual free speech was such a threat!!!


Put into practice big time in the late 70’s on the West Coast. Just getting around to more people being exposed to it.


54 posted on 04/15/2022 10:45:29 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: janetjanet998

Not quite sure how this “poison pill” will really work. Could not investors friendly to free speech buy at the discount and then proxy shares to Musk? Or even sell to Musk passing on the discount? And thus Musk could get control cheaper?


55 posted on 04/15/2022 10:47:47 AM PDT by AndyTheBear
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To: Drew68

The company is a gold mine

Not with its current “business” model or any other conceivable model either. The more users it has, the more expensive it gets.


56 posted on 04/15/2022 10:49:00 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: Signalman

wrong fight them do you realize on average people buy 1000 shares of a stock the profit holders of twitter stock is $6,710 dollars. He is offering them thats a nice profit. Stock is a type of gambling for a profit. Nobody said Boo when Bezos bought the Washington Post rag or the Atlantic bought by another commie, or when the HUFF Post was taken over by a gold digger...More hypocrisy from the left. rag...


57 posted on 04/15/2022 10:50:59 AM PDT by electricjack (Hello I am from the govt an here to help you Ugh worst thing I ever heard..)
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To: janetjanet998

Well that’s a massive breach of fiduciary duties.

Politics before shareholders is a no-no.


58 posted on 04/15/2022 10:53:19 AM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: Still Thinking

“He cut off his nose to be revenged of his face”

Such a ‘cleaver” move.


59 posted on 04/15/2022 10:54:22 AM PDT by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
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To: circlecity

The stock went up when he bought 9.7% of the PUBLIC STOCK key word PUBLIC the real reason that the left is screaming is 90% of their stories come straight from Twitter lazy ass left leaning journalists who are too lazy to research stories before they write their stories......


60 posted on 04/15/2022 10:54:46 AM PDT by electricjack (Hello I am from the govt an here to help you Ugh worst thing I ever heard..)
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