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Twitter board adopts poison pill defense after Musk’s $43 billion bid to buy company
CNBC ^

Posted on 04/15/2022 9:45:25 AM PDT by janetjanet998

Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced Friday.

The board voted unanimously to adopt the plan.

Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed to purchase additional shares at a discount.

The plan is set to expire on April 14, 2023.


TOPICS: News/Current Events
KEYWORDS: amc; elonmusktwitter; gamestop; meme; memestock; poisonpill; twitterboard
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To: Signalman

A new viable social media platform depends on #people having access to a free speech carrier -so a new free speech web system via mature StarLink is necessary.


81 posted on 04/15/2022 11:28:37 AM PDT by Doctor DNA (Fine words butter no parsnips)
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To: canuck_conservative

My guess, bio weapons labs.


82 posted on 04/15/2022 11:29:32 AM PDT by SoCal Pubbie
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To: newfreep

Sure. They’ll also lose a massive lawsuit.


83 posted on 04/15/2022 11:29:52 AM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: circlecity

The price is dropping fast today.


84 posted on 04/15/2022 11:33:22 AM PDT by outofsalt (If history teaches us anything, it's that history rarely teaches anything.)
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To: electricjack

“..the left is screaming ....90% of their stories come straight from Twitter...”

It’s why they can not allow common sense on the platform. Every mainstream media outlet repeats Twitter postings, the process is baked in. GettR, Truth, whatever will NEVER replace it. Twitter might drop from significance but it wont be replaced.


85 posted on 04/15/2022 11:35:03 AM PDT by moehoward (.)
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To: janetjanet998

Jeff Carlson @themarketswork
A question for @BlackRock & @Vanguard_Group

You’ve held positions in Twitter for years. Price & performance has deteriorated.
How do you explain to shareholders your resistance to @elonmusk offer?
How do you explain not taking simple steps to enhance performance long ago?


86 posted on 04/15/2022 11:42:24 AM PDT by minnesota_bound (Need more money to buy gas)
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To: HamiltonJay

And he is building a satellite free speech web network that could be in future plans.


87 posted on 04/15/2022 11:44:07 AM PDT by Doctor DNA (Fine words butter no parsnips)
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To: Doctor DNA

STARLINK STARLINK STARLINK!


88 posted on 04/15/2022 11:46:05 AM PDT by Doctor DNA (Fine words butter no parsnips)
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To: Delta 21
"Blue Horseshoe loves Twitter."

I know...it's not THAT Wall Street, but this one is better.

89 posted on 04/15/2022 11:50:07 AM PDT by moehoward (.)
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To: Jewbacca
They’ll also lose a massive lawsuit.

Only a fool would believe the judicial system is fair, honest & follows Constitutional law.

90 posted on 04/15/2022 11:52:02 AM PDT by newfreep (“Leftism, under all of its brand names, is a severe, violent & evil mental disorder.”)
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To: janetjanet998

I doubt that will save them. One of the major brokerage firms has set the stock value of Twitter at $30 per share. Musk is offering $54 per share. If the board turns it down they injure their own stockholders. That’s not going to fly.


91 posted on 04/15/2022 11:53:53 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Poison Pill

“...give hime my proxy. “

Come in handy if he was on the board.


92 posted on 04/15/2022 11:54:05 AM PDT by moehoward (.)
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To: Openurmind

What’s the proof Trump is running a stock scam?


93 posted on 04/15/2022 11:59:33 AM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: Georgia Girl 2

One of the major brokerage firms has set the stock value of Twitter at $30 per share


all a scam

Market Rebellion
@MarketRebels
Goldman Sachs says Elon Musk’s offer of $54.20 per share is too low. Goldman currently has a Sell rating and $30 price target for the stock.


94 posted on 04/15/2022 12:03:48 PM PDT by janetjanet998
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To: Celtic Conservative

This might be plan B. Twitter to adopt a poison pill, trigger the poison pill, lawsuits to emerge, fire sale the 15%. Drive the stock to pennies on the dollar. Twitter dies.


95 posted on 04/15/2022 12:04:33 PM PDT by taxcontrol (The choice is clear - either live as a slave on your knees or die as a free citizen on your feet.)
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To: Openurmind

It was a stock scam... Even worse, I think it is taking names and making a list.

How was it a stock scam??

Trump Media won’t get the The 1 Billion in investment funds until the stock merger is complete and that won’t happen until later this year


96 posted on 04/15/2022 12:08:15 PM PDT by janetjanet998
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To: janetjanet998

Re: 94 - I think GS may be looking at the Twitter 52-week High and comparing that price to now,


97 posted on 04/15/2022 12:11:52 PM PDT by Fury
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To: Wuli

Re: 38;- Interesting comment, thanks.


98 posted on 04/15/2022 12:12:50 PM PDT by Fury
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To: Fury

- I think GS may be looking at the Twitter 52-week High and comparing that price to now,

no that’s not how it works, they put out a sell rating with a price share target of $30

meaning they think twitter stock will tank to $30 a share soon and recommend that people sell it now


99 posted on 04/15/2022 12:17:47 PM PDT by janetjanet998
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To: TontoKowalski

I am convinced that much of Twitter’s user population is fake.

I hope Musk prevails just for a peek behind the curtain.


100 posted on 04/15/2022 12:19:40 PM PDT by Mygirlsmom (Back after a long hiatus. Now mygrandkidsgrandma)
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