Twitter board’s interest not aligned with holders: Musk ...Qatar

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Twitter board’s interest not aligned with holders: Musk
The economic interests of Twitter Inc’s board are not aligned with shareholders, Elon Musk said on Saturday after the social media company took steps to ward off his takeover attempt. The billionaire was responding to a tweet about board members’ stock holdings, saying that with the departure of Jack Dorsey, the board “collectively owns almost no shares.” Twitter on Friday set up a shareholder rights plan that could thwart Musk’s hostile acquisition bid. The plan is exercisable if a party acquires 15% of the stock without prior approval and seeks to ensure that anyone taking control of Twitter through open market accumulation pays all shareholders an appropriate control premium. Responding

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