This twitter consider adopting the use of the so-called “poison pill”which will prevent elon muskAccording to a person familiar with the matter, whoever owns 9.2% of the company’s shares will increase his stake to over 15%.
After proposing the company-sanctioned takeover of Twitter, Musk admitted during a Ted Talk today that he wasn’t sure if he would go ahead with the acquisition. Still, he said he had “enough assets” to do so. He gave no clue as to how he would pay the deal.
Although Musk has announced his intention to acquire Twitter, he is no longer the company’s largest shareholder. Asset manager Vanguard recently increased its stake in the platform and is now the largest shareholder. On April 8, it reported that Twitter owns 82.4 million shares, or 10.3% of the total.
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Source: Exame
