Walid bin Talal
Twitter Counters Elon Musk’s Takeover Bid With a Poison Pill
Poison pills have been around for decades. The lawyer Martin Lipton, a founding partner of Wachtell, Lipton, Rosen & Katz, invented the maneuver, also called a shareholder rights plan, in 1982. It was a way to shore up a company’s defenses against unwanted takeovers by so-called corporate raiders like Carl Icahn and T. Boone Pickens. […]
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Elon Musk, After Toying With Twitter, Now Wants It All
Should Twitter put such a measure in place, Mr. Musk could take his bid directly to shareholders with a so-called tender offer. If they like Mr. Musk’s offer, they could sell their stock to the billionaire, allowing him to gain control of the company. The board is also considering soliciting offers from other companies that […]
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