DETROIT (AP) — Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about the mercurial Tesla CEO’s next move.
Twitter has adopted a “poison pill” defense that makes it difficult for Musk or any other investor to buy Twitter without the board of directors’ approval. Musk, who currently owns about 9% of the company, last week disclosed an offer of about $43 billion, or $54.20 per share. Twitter’s next likely move is to formally reject Musk’s offer, or it could start negotiations.
Musk has a number of options which also include talks with the board, sweetening his offer, or even triggering the poison pill, which could destroy the company.
Source: AP – All contents copyright 2022 Associated Press. All rights reserved.
ANNAPOLIS, Md. (AP) — A former Maryland mayor who admitted to posting nude photos of his ex-girlfriend on Reddit will not have to spend time behind bars under a plea deal. The state prosecutor's office announced Monday that former Cambridge Mayor Andrew Bradshaw pleaded guilty to five counts of distributing revenge porn online and was sentenced to a year and a day for each of the five counts, with all […]
