Twitter moves to block Elon Muskâ€™s takeover

News Express |16th Apr 2022 | 701

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.
(PUNCH)

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