Decoding the Hard-To-Swallow Pill in the Business World: What Is a Poison Pill Strategy?
The events following Elon Musk announcing his plans to buy Twitter in April have been quite a fiasco. Earlier this month, Musk said he was backing out of the US$44 billion bid, leading to Twitter suing him over the deal. It surely was an interesting turn of events, after Twitter imposed a “poison pill” strategy against Musk’s potential takeover in April. Back then, Musk proposed taking the company private at US$54.2 per share, which was 38% higher than Twitter’s stock value before the announcement of the plan.
Decoding the Hard-To-Swallow Pill in the Business World: What Is a Poison Pill Strategy? Read More »
The events following Elon Musk announcing his plans to buy Twitter in April have been quite a fiasco. Earlier this month, Musk said he was backing out of the US$44 billion bid, leading to Twitter suing him over the deal. It surely was an interesting turn of events, after Twitter imposed a “poison pill” strategy against Musk’s potential takeover in April. Back then, Musk proposed taking the company private at US$54.2 per share, which was 38% higher than Twitter’s stock value before the announcement of the plan.