Twitter’s Strategy Of Using ‘Poison Pill’ To Block Elon Musk’s Buyout May Not Be Enough To Prevent Takeover

Musk is reported to be in talks with other investors



Twitter’s attempts to stop entrepreneur Elon Musk, the world’s richest man, from buying the company by adopting a so-called “poison pill” defense may not be enough to stop Musk from succeeding in his quest to take over the company.

A “poison pill” effectively allows all shareholders, except those trying to buy out the company, to purchase newly offered shares at a discounted price. Musk would have to purchase the new shares at a higher price, which could end up being too much for him to afford, if he wanted to takeover the company.


The Washington Post reported:

Despite throwing a massive roadblock in Musk’s way, the adoption of the poison pill would not bar Musk from being able to buy the company, it would only make it harder.

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