The tactic is used by corporations against hostile takeovers Twitter’s board is considering adopting a “poison pill” strategy to protect the company from a hostile acquisition bid, Bloomberg reported on Thursday, citing its sources. This follows billionaire Elon Musk’s $41 billion offer to buy the company. Also known as a shareholder rights plan, a ‘poison pill’ is a defense tactic used by a target company to prevent or discourage a hostile takeover attempt. The measure allows existing shareholders the right to purchase additional shares at a discount, effectively diluting the ownership interest of a new, hostile
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