wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/4\/14\/23025537\/twitter-board-shareholders-elon-musk-hostile-takeover-poison-pill<\/a> Twitter\u2019s board could be in for a fight with the company\u2019s single largest shareholder. According to a report from The Information<\/em><\/a>, it views Elon Musk\u2019s offer to take over the company as unwelcome. This follows Musk\u2019s offer to purchase the company<\/a> for $43 billion earlier today. The company hasn\u2019t publicly indicated<\/a> how it\u2019s planning on responding to Musk\u2019s offer, but it\u2019s reportedly planning to address it at an all-hands meeting<\/a> at 5PM ET \/ 2PM PT today.<\/p>\n Twitter\u2019s board is also reportedly considering<\/a> using a \u201cpoison pill\u201d strategy to make it more difficult<\/a> for Elon to acquire a large stake in the company and avoid a hostile takeover. Poison pills can, as one example<\/a>, flood the market with shares once an investor acquires stock above a certain limit, making them easier to acquire for others (and costly for a single investor to buy up) when someone attempts a takeover.<\/p>\n As Stratechery\u2019s Ben Thompson points out<\/a>, Twitter already has some poison pill provisions in its bylaws including the board\u2019s ability to issue \u201cblank check\u201d preferred stock without prior approval; you can find the provisions on page 34 of this PDF<\/a>. <\/p>\n This afternoon, Musk polled his Twitter followers<\/a> with a rather leading prompt: \u201cTaking Twitter private at $54.20 should be up to shareholders, not the board\u201d.<\/p>\n Taking Twitter private at $54.20 should be up to shareholders, not the board<\/p>\n \u2014 Elon Musk (@elonmusk) April 14, 2022<\/a>\n<\/p><\/blockquote>\n<\/div>\n It\u2019s hard to say whether Musk will be deterred by Twitter\u2019s tactics, provided he can actually come up with the money<\/a> required to take the company private. In a TED interview on Thursday, he said the acquisition wouldn\u2019t be about making money<\/a> \u2014 he\u2019s frequently cited \u201cfree speech\u201d as the main reason for his interest in Twitter. Though, Musk has promised and failed<\/a> to take companies private before.<\/p>\n
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