Twitter announced a measure this Friday. aims to delay or prevent purchase By Tesla’s CEO Elon Musk
Stock known in business as “poison pill”, It aims to make it harder for Musk, who currently owns 9%, to buy more than 15% of Twitter shares.
Twitter announced this decision to the public a day after Musk. richest man in the worldoffered $43,000 million for the social network and threatened to sell all of his stake in the company if the purchase attempt was rejected.
According to the statement made by the company, the board of directors unanimously accepted “rights planHe says all shareholders have the goal of getting the full value of their investments in Twitter.
“Declaration of human rights will reduce the possibility “any entity, individual or group has taken control of Twitter through open market accumulation without paying all shareholders the appropriate premium for control or giving the board sufficient time to make informed decisions and take action that defends the interests of shareholders,” the text explains.
This measure, which is considered lawful and will expire in one year, does not mean that parliament cannot accept or consider a proposal. purchase offer indicates the company’s statement.
After receiving Musk’s offer this Thursday, Twitter said it needed to analyze the offer and suggested using it. “poison pill”, según “The Wall Street Journal”.
Meanwhile, the South African billionaire said in a speech: I had a plan B if his offer is rejected and Twitter’s board insists it has enough assets to fund the acquisition so it can make it happen if it doesn’t agree to its terms.
Musk, with his acquisition $54.20 per shareIt represents a 54% premium over the closing price of January 28, the day before I started investing in Twitter.
Also, it assumes a before 38% The share price of his investment was announced to the public on the social network the day before. EFE