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Poison pill can be used for price negotiation, not just blocking an offer. Prevent hostile takeover and force the buyer into the negotiation table. They are now
by soneca 4y ago
Poison pill can be used for price negotiation, not just blocking an offer. Prevent hostile takeover and force the buyer into the negotiation table. They are now in the negotiation table.
The rumor is that the offer to be accepted is the same, so it wouldn’t have worked as intended, but that doesn’t mean it wasn’t worth trying.
- lesam 4y agoNot quite the same - pre-pill, Musk did not have funding lined up. Post pill, he produced written documents about how he was going to fund the buyout, and had to promise to buy all the shares, not just the first 51%.