Twitter has said its board of directors has unanimously adopted a "poison pill" defence in response to Tesla CEO Elon Musk's proposal to buy the company for more than $56 billion and take it private.The move would allow existing Twitter shareholders — except for Musk — to buy additional shares at a discount, thereby diluting Musk's stake in the company and making it harder for him to corral a majority of shareholder votes in favour of the acquisition.Twitter's plan would take effect if Musk's roughly 9 per cent stake grows to 15 per cent or more.
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