One of the most followed people on Twitter Elon Musk Twitter’s Board of Directors “poison pill” so it won’t buy Twitter applied.
First, let’s go over a short one for those who still don’t know. Elon Musk from Twitter last week. 9.2 percent and with it became the largest shareholder of the company “at that time”. on twitter 82 million followers found Musk, yesterday his company buy complete made an offer for Musk, who has a fortune of more than $ 260 billion over the shares in other companies he owns, made his bid to buy Twitter. It was at the level of 43 billion dollars. It was announced yesterday that the Twitter Board of Directors is carefully evaluating this offer. However, the company’s major shareholders stated that they were not interested in the sale at all..
A little while ago Elon Musk to buy the company Twitter Board of Directors by “poison pill” method was applied. The English “poison pill” In its simplest form, this tactic, known as a measure used by company owners against aggressive investors passes as. With this tactic, shareholders decrease the value of the shares and increase their shares as much as they own. For this, more shares are created at once. This prevents or makes it seriously difficult for the company to get out of their control through the share purchase.
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It is not yet known whether Elon Musk will pursue the process despite this. However, these events have serious risks for Musk, and Musk is already twitter sued over. A lawsuit was filed against Musk because while Musk allegedly collected Twitter shares from the stock market, he did not notify the US Securities and Exchange Commission (SEC) in due time, thus allowing full disclosure. 156 million dollars as much as one ill-gotten gain achieved.