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Poison pills often have exemptions for passive investors such as ETFs.
by friesfreeze 4y ago
Poison pills often have exemptions for passive investors such as ETFs.
- anonu 4y agoDon't think that's true. ETF fund managers, when faced with a corporate action decision, will always vote for whatever maximizes their shareholders value.
- friesfreeze 4y agoCourts have upheld poison pills that treat 13D and 13G filers differently. I'd wager most ETFs that hold 5% of major public companies are 13G filers. Vanguard files a 13G for twitter. To be fair idk what the twitter pill will do - maybe it will be more aggressive.