Twitter board adopts 'poison pill' defense to try and stop Elon Musk from buying the social media giant
Also known as a shareholder rights provision, the plan announced on Friday would trigger a dilution of company shares if any shareholder builds up a 15 percent stake without the board's approval.
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Elon Musk Offers to Buy Twitter for $43 BillionThe billionaire is already the company's largest shareholder, with a 9% stake
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Elon Musk offers to buy Twitter for £31,520,000,000He said the company has extraordinary potential and he will unlock it.
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Elon Musk tries to buy Twitter for $41billionElon Musk has offered to buy Twitter in a $41.39 billion all-cash deal that would take the company private, telling the board chairman in an offer letter: 'Twitter has extraordinary potential. I will unlock it.'
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What an Elon Musk Twitter takeover could look likeThe Tesla chief executive has offered to buy the social media platform outright for more than 40 billion dollars.
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