Twitter takes ‘poison pill’ as board battles to thwart Musk takeover

Twitter has adopted a ‘poison pill’ tactic in order to obstruct Elon Musk’s plans to take over the social media company. Twitter’s board unanimously approved a limited-duration shareholder rights plan on Friday. The so-called ‘poison pill’ would allow existing shareholders to buy stocks at a substantial discount to dilute the holdings of new investors.  In [...]