It seems that many people considered the poison pill anouncment as a rejection of Musks offer. It was not. Here is a rough sequence of events: Musks asks the b

It seems that many people considered the poison pill anouncment as a rejection of Musks offer. It was not. Here is a rough sequence of events: Musks asks the board if he can buy Twitter. The board institutes a poison pill to prevent any shenanigans while they consider the offer / to give them leverage. The board decides to accept musk's offer. Musk did not have to do a hostile takeover by buying shares in the market, so the poison pill never triggered.