's board of directors has adopted a so-called 'poison pill' strategy in a bid to prevent '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.
Load More
Load More