• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Kube Suite - TL
Home News Business

Twitter Board Unanimously Adopts “Poison Pill” Following Musk’s Offer To Buy The Firm

Now, shareholders will be able to buy discounted shares if any person or group seeks to acquire at least 15% of Twitter’s common stock without the board’s approval.

Aayat AlibyAayat Ali
April 18, 2022
in Business
Reading Time: 2 mins read
A A
Twitter Board Unanimously Adopts Poison Pill

More stories for you

As China Teaches AI To 6-Year-Olds, CEOs Warn Future Of Work In U.S. Is At Risk

As China Teaches AI To 6-Year-Olds, CEOs Warn Future Of Work In U.S. Is At Risk

6 hours ago
IWG Sets Sights on India as Its Third-Biggest Coworking Hub

IWG Sets Sights on India as Its Third-Biggest Coworking Hub

3 days ago
U.S. Government to Use Software for Rapid Layoffs, 260K Already Gone

U.S. Government to Use Software for Rapid Layoffs, 260K Already Gone

3 days ago
AI To Put Perfect Mentors At Junior Workers’ Fingertips In The Future Of Work, Expert Says

AI To Put Perfect Mentors At Junior Workers’ Fingertips In The Future Of Work, Expert Says

3 days ago

Twitter’s board unanimously adopted a “poison pill” following Elon Musk’s proposition to purchase the company for $43 billion.  

A poison pill is typically used by companies to discourage a takeover by an unwanted person or entity.  

Advertisements
Fiverr - Get It Done By Tomorrow

Now, shareholders will be able to buy discounted shares if any person or group seeks to acquire at least 15% of Twitter’s common stock without the board’s approval. By doing so, the stake being sought out by the entity would be weakened. 

The plan is expected to expire on April 14, 2023.  

Advertisements
Envoy - Workplace ROI

“The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,” the company’s press release stated. 

However, the social media platform added that this plan would not necessarily keep the board from accepting an acquisition offer. 

Currently, Musk is the largest shareholder of Twitter after he purchased a 9.2% stake into the company.  

The billionaire was expected to join Twitter’s board, which would have limited his stake acquisition to 14.9%, but Musk walked back on this move and soon offered to buy the company whole. 

During the TED2022 conference last week, Musk said that he wanted to emphasize freedom of speech on the platform and improve Twitter’s algorithm. However, he added that if his “best and final” offer is rejected, he may sell off his remaining stock. 

Advertisements
Maximize Flexible Space Revenue
Advertisements
Subscribe to the Future of Work Newsletter
Tags: BusinessMarketingTechnology
Share5Tweet3Share1
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

As China Teaches AI To 6-Year-Olds, CEOs Warn Future Of Work In U.S. Is At Risk
Tech

As China Teaches AI To 6-Year-Olds, CEOs Warn Future Of Work In U.S. Is At Risk

byFeatured Insights
6 hours ago

U.S. CEOs push AI classes in schools as China teaches 6-year-olds and America risks falling behind.

Read more
IWG Sets Sights on India as Its Third-Biggest Coworking Hub

IWG Sets Sights on India as Its Third-Biggest Coworking Hub

3 days ago
U.S. Government to Use Software for Rapid Layoffs, 260K Already Gone

U.S. Government to Use Software for Rapid Layoffs, 260K Already Gone

3 days ago
AI To Put Perfect Mentors At Junior Workers’ Fingertips In The Future Of Work, Expert Says

AI To Put Perfect Mentors At Junior Workers’ Fingertips In The Future Of Work, Expert Says

3 days ago
Advertisements
Yardi Kube automates flex and coworking operations
Advertisements
Disaster Avoidance Experts

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00