Twitter Board Approves ‘Poison Pill’ After Musk’s $43 Billion Offer to Buy Company

Twitter Board Approves ‘Poison Pill’ After Musk’s $43 Billion Offer to Buy Company
Elon Musk, founder and chief engineer of SpaceX, speaks at the 2020 Satellite Conference and Exhibition in Washington, on March 9, 2020. Win McNamee/Getty Images
Zachary Stieber
Updated:
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Twitter’s board of directors has approved a provision aimed at preventing a hostile takeover that’s known in the financial world as a “poison pill,” the company announced on April 15.

The board unanimously chose to adopt the “limited duration shareholder rights plan” after an “unsolicited, non-binding proposal to acquire Twitter,” the company said.

Zachary Stieber
Zachary Stieber
Senior Reporter
Zachary Stieber is a senior reporter for The Epoch Times based in Maryland. He covers U.S. and world news. Contact Zachary at [email protected]
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