What Is a Poison Pill and Why Is Twitter Taking It?

What Is a Poison Pill and Why Is Twitter Taking It?
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing "Cyber Rodeo" grand opening party in Austin, Texas, on April 7, 2022. Suzanne Cordeiro/AFP via Getty Images
Emel Akan
Updated:
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Twitter announced on April 15 that its board of directors has unanimously adopted a “poison pill” defense to prevent Elon Musk from acquiring the company.

If any business, person, or group acquires 15 percent or more of Twitter’s outstanding common stock through a transaction not allowed by the board, according to the announcement, other stockholders will be able to purchase additional shares of stock at a discounted price.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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