The board of Twitter has unanimously voted to adopt a shareholder rights plan to defend against a possible hostile takeover by Elon Musk. The plan requires Musk to pay a higher price for shares, which essentially provides the board more time to consider Musk's existing offer to buy the company. The Tesla CEO recently offered $43 billion to purchase Twitter. Mr Musk says he wants to privatise Twitter - giving him full control of the company by removing it from the share market.
from Latest World News Headlines | Daily Telegraph https://ift.tt/RKbyICT
Friday, April 15, 2022
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