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Does anyone know if the terms were made more favourable to Twitter since the adoption of the Poison Pill?
by jszymborski 5y ago
Does anyone know if the terms were made more favourable to Twitter since the adoption of the Poison Pill?
- warning26 5y agoThe key change was that funding is now secured; the initial bid was contingent on securing funding.
- delecti 5y agoI think that, as far as the public is aware, there weren't terms prior to the adoption of the poison pill. Musk bought a bunch of shares, and was looking to buy more. The poison pill was the board preemptively saying "we see what you're doing, and you have to go through us to accomplish it".
- dahfizz 5y agoThis is not true. The poison pill was in response to Musk's original offer. > Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced Friday. https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-pill-after-musks-43-billion-offer-to-buy-company.html https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-...
- csa 5y agoAccording to Matt Levine’s column today, the poison pill may have just been a tactical move to guarantee time for negotiations while preventing the possibility of a hostile takeover (a potential BATNA for Musk). This seems to be what happened.
- thaumasiotes 5y agoThe price is the same. Matt Levine's coverage so far has implied that the effect of the poison pill was to force Musk to be more concrete and less hypothetical, which happened.