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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

click here to read article


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To: Still Thinking; circlecity

> I assume the board thinks that the other shareholders want to keep Musk out so badly they don’t care.

That kind of poison pill can backfire in so many ways...I can hardly wait. I’m tempted to buy twitter shares so I can assign my proxy to Musk with the pot starts to boil...


101 posted on 04/15/2022 12:22:56 PM PDT by no-s (Jabonera, urna, jurado, cartucho ... ya sabes cómo va...)
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To: janetjanet998

Theatrics. Musk already stated this was a one-time offer, take it or leave it. All Twitter had to do was refuse it.


102 posted on 04/15/2022 12:32:59 PM PDT by AlaskaErik (In time of peace, prepare for war.)
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To: janetjanet998

I think the board has to put the offer before the shareholders for a vote


103 posted on 04/15/2022 12:35:52 PM PDT by stockpirate (Where Justice Ends Tyranny Begins...Repression Breeds Violence)
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To: janetjanet998

I think the board has to put the offer before the shareholders for a vote


104 posted on 04/15/2022 12:36:07 PM PDT by stockpirate (Where Justice Ends Tyranny Begins...Repression Breeds Violence)
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To: janetjanet998

Poison pill for a poisoned forum. Nice...


105 posted on 04/15/2022 1:07:43 PM PDT by DoughtyOne (I pledge allegiance the flag of the U S of A, and to the REPUBLIC for which it stands.)
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To: janetjanet998

My error. Not that GS may be looking at the 52-week high, but the Twitter Board.


106 posted on 04/15/2022 1:23:34 PM PDT by Fury
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To: janetjanet998

Why does not Elon start his own social medium ?


107 posted on 04/15/2022 1:24:42 PM PDT by Churchillspirit (9/11/2001 and 9/11/2012: NEVER FORGET.)
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To: Churchillspirit

Why does not Elon start his own social medium ?


He may

but it takes a lot of infrastructure to do it, and most of the current infrastructure is owned by big tech

yo have to physically build it

Rumble/Truth social has a head start and are using their own..his best bet IMP is to work with them


108 posted on 04/15/2022 1:35:01 PM PDT by janetjanet998
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To: janetjanet998

if I were a Twitter shareholder and shares did not hit at least $54.20 per share, I’d sue the board for breach of its fiduciary duty to the shareholders.


109 posted on 04/15/2022 2:22:13 PM PDT by FLT-bird
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To: circlecity

“Won’t this dilute the value of Twitter stock?”

totally!


110 posted on 04/15/2022 4:01:10 PM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: janetjanet998

Thanks for the clarification.


111 posted on 04/16/2022 8:39:33 AM PDT by Churchillspirit (9/11/2001 and 9/11/2012: NEVER FORGET.)
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