What is a poison pill defense? ...Middle East

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What is a poison pill defense?
On April 15, Twitter’s board of directions adopted a poison pill defense to protect the company from Elon Musk. The Tesla and SpaceX CEO wants to buy the company for $54.20 a share, which could be seen as trolling the company, or a legitimate campaign to promote Musk’s idea of free speech on the platform.There are ways to thwart the poison pill, but it won’t be easy or cheap. Twitter’s board has thrown a wrench in Musk’s hostile takeover plan and, at the very minimum, it has bought itself time to consider its next move.So, what is a poison pill anyway?Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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