Twitter moves to block Elon Musk’s takeover

Posted by News Express | 16 April 2022 | 437 times

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•Elon Musk


Twitter moved on Friday to defend itself against Elon Musk’s $43 billion hostile takeover bid, announcing a plan that would allow shareholders to purchase additional stock.

“The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium,” Twitter said in a statement.

Source: News Express

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