Poison pills have been around for decades. The lawyer Martin Lipton, a founding partner of Wachtell, Lipton, Rosen & Katz, invented the maneuver, also called a shareholder rights plan, in […]
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Back to news homeTwitter Expected to Employ Poison Pill to Counter Musk Takeover
Twitter on Friday unveiled its counterattack against Elon Musk by putting in place a corporate maneuver known as a poison pill.The strategy aims to slow or block Mr. Musk’s $43 […]
Elon Musk, After Toying With Twitter, Now Wants It All
Should Twitter put such a measure in place, Mr. Musk could take his bid directly to shareholders with a so-called tender offer. If they like Mr. Musk’s offer, they could […]