Poison Pill
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Twitter, analysts wary of Elon Musk's takeover bid
•Musk, the world's richest person and a controversial and frequent user of Twitter himself, made an unsolicited bid of $43 million for the social media network, citing better freedom of speech as a motivation
Elon Musk’s bid spotlights Twitter’s unique role in public discourse – and what changes might be in store
•Twitter occupies a unique niche. Its short chunks of text and threading foster real-time conversations among thousands of people, which makes it popular with celebrities, media personalities and politicians alike.
Explained: What Twitter’s ‘poison pill’ against Elon Musk means
•The ingredients of each poison pill vary, but they're all designed to give corporate boards an option to flood the market with so much newly created stock that a takeover becomes prohibitively expensive
Twitter adopts 'poison pill' defence against Elon Musk's buyout bid
•The board's ‘rights plan’ or ‘poison pill’ kicks in if a buyer takes 15 per cent or more of Twitter's outstanding common stock in a transaction not approved by the board