Twitter Adopts ‘Poison Pill’ Defence To Thwart Elon Musk Takeover Bid

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.

Article source: https://www.huffingtonpost.co.uk/entry/twitter-adopts-poison-pill-defence-to-thwart-elon-musk-takeover-bid_uk_6259a7dee4b0e97a351e4da6