- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Twitter Board adopts "poison pill" to try to stop Musk; rejects offer
Posted on 4/15/22 at 12:08 pm
Posted on 4/15/22 at 12:08 pm
quote:
Twitter's board of directors has adopted a so-called 'poison pill' strategy in a bid to prevent Elon Musk's $43 billion hostile takeover.
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.
The plan does not prevent Twitter from accepting Musk's bid or entering negotiations with him or other potential buyers -- but it will stop him from putting pressure on the board by buying up even more shares on the open market.
LINK
quote:
When triggered, they often allow every other shareholder, aside from the raider, to buy newly issued shares at a discount.
This effectively dilutes the raider's ownership stake and massively raises the cost of buying up control on the open market.
Note that the shares would be purchased by Musk for more than they are worth had they actually respected the best interest of shareholders and accepted the Musk offer.
Twitter is more than just a social media platform to them. It's power through censorship and framing public discourse.
This post was edited on 4/15/22 at 12:11 pm
35
Posted on 4/15/22 at 12:09 pm to member12
Look how important censorship is to them 
Posted on 4/15/22 at 12:11 pm to member12
He should just buy the remaining stock and file suit against board members individually for breach of fiduciary duty
Posted on 4/15/22 at 12:11 pm to Vamos Brandonos
Oh shite the stock is going to tank if Musk dumps it.
Way to look out for the shareholders, Twitter board.
Way to look out for the shareholders, Twitter board.
Posted on 4/15/22 at 12:12 pm to member12
quote:
When triggered, they often allow every other shareholder, aside from the raider, to buy newly issued shares at a discount.
So Musk needs to put together some partners. Paging Peter Thiel?
Posted on 4/15/22 at 12:13 pm to member12
Twitter has some hard times coming. The crazy thing is they probably know it but will allow it to happen just out of spite.
Maturity and responsibility seems to be getting more and more scarce
Maturity and responsibility seems to be getting more and more scarce
Posted on 4/15/22 at 12:13 pm to member12
Rejecting an offer outright with no counter, especially from a man that can pay more, is a breach of their fiduciary responsibilities to the shareholders.
It clearly isn't just about maximizing shareholder value to them.
It clearly isn't just about maximizing shareholder value to them.
Posted on 4/15/22 at 12:14 pm to Vamos Brandonos
quote:
Excluding who can buy shares? How the hell is that legal?
I'm sure he has other entities lined up to buy more shares.
This post was edited on 4/15/22 at 12:19 pm
Posted on 4/15/22 at 12:14 pm to goofball
Stock will be at $25 by the end of Tuesday.
Posted on 4/15/22 at 12:15 pm to dewster
quote:
Rejecting an offer outright with no counter, especially from a man that can pay more
To be fair on this point, Elon said in his initial offer that it was a final offer and not open to negotiation.
Posted on 4/15/22 at 12:16 pm to member12
what censorship in social media?;
entire Left mobilizes to stop this at all cost.
entire Left mobilizes to stop this at all cost.
Posted on 4/15/22 at 12:16 pm to dewster
quote:
It clearly isn't just about maximizing shareholder value to them.
It never has been. It’s been obvious to anyone that isn’t a leftist hack what Twitter is all about. Watch as the most committed leftists cheer this action as some victory for “freedom”.
Posted on 4/15/22 at 12:17 pm to member12
Wouldn't that cut the value of the existing shares?
If that's their game, then frick them. Sell to Musk or the shareholders are going to be pissed.
If that's their game, then frick them. Sell to Musk or the shareholders are going to be pissed.
Posted on 4/15/22 at 12:18 pm to member12
If this did not already exist, this is very improper.
As in SEC drops a hammer improper.
As in SEC drops a hammer improper.
Posted on 4/15/22 at 12:18 pm to member12
Twitter is an arm of our Federal government.
Posted on 4/15/22 at 12:18 pm to member12
This herb is some top shelf. $54.20 for a small bag.
This post was edited on 4/15/22 at 12:19 pm
Posted on 4/15/22 at 12:18 pm to Ancient Astronaut
quote:Sounds like you really understood the OP
He should just buy the remaining stock
Posted on 4/15/22 at 12:18 pm to frequent flyer
Doesn't this violate Sarbanes Oxley, Graham-Leach-Billey and several other SEC regulations?
Posted on 4/15/22 at 12:19 pm to udtiger
quote:
As in SEC drops a hammer improper.
This is (D)ifferent, and you know it.
Page 1 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News