Twitter adopts 'poison pill' to fight Elon Musk

The board set up a shareholder rights plan, exercisable if a party acquires 15% of the stock without prior approval, lasting for one year only. The plan seeks to ensure that anyone taking control of Twitter through open market accumulation pays all shareholders an appropriate control premium, according to a statement on Friday. Via Times of India https://ift.tt/9Bm6W4Z