The Digital Source For China's Tech Innovation Since 2000

Search
Close

Twitter adopts ‘poison pill’ defence in Elon Musk takeover bid

April 16, 2022
Source: scmp.com scmp.com
News Snapshot:
Twitter said on Friday that its board of directors has unanimously adopted a “poison pill” defence in response to Tesla CEO Elon Musk’s proposal to buy the company and take it private. Twitter said the move, formally called a “limited duration shareholder rights plan”, aims to enable its investors to “realise the full value of their investment” by reducing the likelihood that any one person can gain control of the company without either paying shareholders a premium or giving the board more time. Poison pills are often used to defend against hostile takeovers. Twitter’s plan would take effect if Musk’s...
Go To Original Source →
Tags: acquisition | bid | board of directors | CEO | China | court | democracy | electric vehicle | Elon Musk | Free Speech | IT | lawsuit | media | New York | platform | poison | proxy | shareholder | shares | social media | South China Morning Post | stock | technology | Tesla | Twitter

Other Related News:

Is the United States bill seeking to Ban Chinese CBDC Digital Yuan?

May 29, 2022

Chinese Hack of U.S. Agency Ends In Multimillion Dollar Settlement

May 29, 2022

‘Everything Kim said was a lie; Bought the vaccine from China; 1.6 crore mask ‘ Kim Jong Un Social media

May 29, 2022

China-US relations not zero-sum game: Chinese FM

May 29, 2022

Day in the Life: Follow Serial Entrepreneur Kevin Poon as He Installs an Art Show at a Restaurant and Browses Art Basel Hong Kong

May 29, 2022

Hong Kong policeman held for drink-driving after Tesla allegedly hits man

May 29, 2022

Captain Lee Geun, a South Korean Internet celebrity, returns to China to heal his wounds and hopes to return to the battlefield in Ukraine.

May 29, 2022

Europe DNA Extractor Market to Show Outstanding Growth by 2026 Profiling Global Players- Autogen, Bee Robotics, Hangzhou Bioer Techonology, Seegene? Gilson, PerkinElmer

May 29, 2022

China Southern Power, CAICT and Huawei Release 5G VPP Security White Paper – Huawei

May 29, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....