Twitter moved Friday to defend itself towards Elon Musk’s $43 billion hostile takeover bid, asserting a plan that may permit shareholders to buy extra inventory.
“The Rights Plan will cut back the probability that any entity, individual or group positive aspects management of Twitter by way of open market accumulation with out paying all shareholders an acceptable management premium,” Twitter mentioned in a press release.
All rights reserved. This materials, and different digital content material on this web site, might not be reproduced, revealed, broadcast, rewritten or redistributed in entire or partly with out prior specific written permission from PUNCH.
Contact: [email protected]