Twitter Board Adopts So-Called ‘Poison Pill’ Plan to Block Musk from Taking Platform Private
Twitter’s board of directors on Friday unanimously adopted a plan to stop Tesla CEO Elon Musk’s plan to take private the social media company. Under the plan, which is also referred to as a “poison pill,” shareholders’ rights will become exercisable if an entity, person or group acquires beneficial ownership of 15% or more of Twitter’s outstanding … Continued