What a 'poison pill' is and how Twitter’s board is using it against Elon Musk

Posted on AllSides April 15th, 2022
From The Right
AP Photo/Kiichiro Sato
ANALYSIS

Twitter’s board unanimously voted to adopt a “poison pill” on Friday in an effort to prevent billionaire Elon Musk from taking over the company.

The poison pill is a strategy that can help block companies from being acquired in hostile takeovers. It allows the market to be flooded with new shares should an investor decide to buy up more than a preset percentage of a company’s stock.

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https://www.washingtonexaminer.com/policy/what-a-poison-pill-is-and-how-twitters-board-is-using-it-against-elon-musk

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