>>16082569

TYB!

So, Twitter adopted a poison pill.

>The "poison pill," as it's called in corporate terms, gives Twitter's existing shareholders time to purchase additional shares at a discount, thus diluting Musk's ownership stake.

https://tech.slashdot.org/story/22/04/15/1628228/twitter-adopts-poison-pill-in-bid-to-thwart-elon-musk-takeover

"Existing shareholders"… He has 9.2%, he is an existing shareholder?

Are [they] just giving him an opportunity to buy more, at a discount?

Is that what we're seeing here?

Loving this movie, TYB!

>>16083236

>>"Existing shareholders"… He has 9.2%, he is an existing shareholder?

>>Are [they] just giving him an opportunity to buy more, at a discount?

>I has same quanstions

Found more, it's "once he's got 15%, every OTHER shareholder gets a discount":

https://theconservativetreehouse.com/blog/2022/04/15/twitter-responds-to-elon-musk-proposal-by-creating-poison-pill/

>According to Twitter’s plan, if Musk or any other person or group acquires at least 15 percent of Twitter’s stock, the poison pill will trigger.

>At that point, every other shareholder, aside from Musk, would be allowed to purchase new shares of Twitter at half the going market price, which stood at $45.08 at the closing bell on Thursday.

>>16083257

>Think about it!

>In truth, if they are given a “Discount” then it’s not worth whatever they say it is, correct?

Agreed.

>>16083248

>Found more, it's "once he's got 15%, every OTHER shareholder gets a discount":

>https://theconservativetreehouse.com/blog/2022/04/15/twitter-responds-to-elon-musk-proposal-by-creating-poison-pill/

Do corporations owned by a person count as that person?

Elon buys 9.2%.

ElonCorp1 buys 1 share.

ElonCorp2 buys 1 share.

[…]

ElonCorpN buys 1 share.

THEN, Elon buys total of 15% triggering the discount.

ElonCorps 1 through N then start buying up.