Twitter’s board of directors announced in favor of Musk’s purchase of the platform, with the board issuing a new “public shareholding” for the space.
Except for what the website says.the edgeKnown in the finance world as the poison pill, this maneuver prevents recalls from getting help.
Recommendations indicate that the board of directors reaches the board of directors, while the recommendations refer to Musk.
The board of directors detailed it in a filing to the US Securities and Exchange Commission, and it will remain in effect for one year.
On the 4th of April, I made SEC filings about Musk, I wrote that he has a 9% stake in Twitter, the largest single shareholder in the company. Possible to acquire more than 15% of the ownership, then Musk submitted to the Securities and Exchange Commission his offer to take over the company.
Musk criticized the board’s decision against the trade:
Musk also said in a Securities and Exchange filing where he announced his offer to use Twitter that he would need to reconsider his position as a shareholder if his offer of use was unsuccessful.
He did not explain what you call a potential danger, indicating that it could result from that,
In an interview at a conference Ted In Vancouver, Musk said his primary motivation was to maintain Twitter as a platform for free speech.
“Getting a broad type of publication has become big,” Musk told the audience, adding, “My strong intuitive feeling is that having an extremely reliable and comprehensive public foundation at a large scale is very important.”
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