Title: Musk Speaking To Co-Investors As Twitter Board Adopts "Poison Pill" To Thwart Hostile Takeover Source:
[None] URL Source:https://www.zerohedge.com/markets/t ... -exposing-itself-titanic-legal Published:Apr 16, 2022 Author:Tyler Durden Post Date:2022-04-16 02:38:20 by Horse Keywords:None Views:785 Comments:14
“They would rather self-immolate than give up their censorship programs. This shows you how deeply committed they are to Orwellian control of the narratives and global discourse. Scary,”
Yeah, I was actually wondering about that tact. He can't have more than 15%, but get a few partners in to help out and they can get a collective majority.
I wasn't sure what "poison pill" meant, but I knew the headline was too good to be true.
No, they aren't committing suicide. At least not with this. Presumably Musk knows the corporate battle tactics reasonably well, and will counter some way, some how. The obvious is to get allies to buy up similar massive portions of Twitter. He doesn't even need a majority. If he has 30% say in company direction, he'd only need an allied vote of an additional >20% out of the remaining 70% to win.
Presumably Musk knows the corporate battle tactics reasonably well, and will counter some way, some how. The obvious is to get allies to buy up similar massive portions of Twitter. He doesn't even need a majority. If he has 30% say in company direction, he'd only need an allied vote of an additional >20% out of the remaining 70% to win.