Politics

Twitter defends against hostile takeover


The board of Twitter has unanimously voted to adopt a shareholder rights plan to defend against a possible hostile takeover by Elon Musk.

The plan requires Musk to pay a higher price for shares, which essentially provides the board more time to consider Musk's existing offer to buy the company. 

The Tesla CEO recently offered $43 billion to purchase Twitter.

Mr Musk says he wants to privatise Twitter - giving him full control of the company by removing it from the share market.

The board of Twitter has unanimously voted to adopt a shareholder rights plan to defend against a possible hostile takeover by Elon Musk.

The plan requires Musk to pay a higher price for shares, which essentially provides the board more time to consider Musk’s existing offer to buy the company.

The Tesla CEO recently offered $43 billion to purchase Twitter.

Mr Musk says he wants to privatise Twitter – giving him full control of the company by removing it from the share market.
The board of Twitter has unanimously voted to adopt a shareholder rights plan to defend against a possible hostile takeover by Elon Musk.

The plan requires Musk to pay a higher price for shares, which essentially provides the board more time to consider Musk’s existing offer to buy the company.

The Tesla CEO recently offered $43 billion to purchase Twitter.

Mr Musk says he wants to privatise Twitter – giving him full control of the company by removing it from the share market.

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