Twitter Board Adopts Limited Duration Shareholder Rights Plan

Twitter board adopts poison pill after musk's forty three billion bid to buy company, twitter adopted a limited duration shareholder rights plan. Under the new structure, if any person or group acquires beneficial ownership of at least 15 % of twitter's outstanding common stock without the board's approval, other shareholders will be allowed to purchase additional shares at a discount. The plan is set to expire april fourteenth, 20 23. Such a move as a common way tofend off a potential hostile takeover by diluting the stake of the entity eyeing the takeover.