This is to dilute the billionaire’s

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On the one hand, Twitter activated its “poison pill” plan, also known as the “nuclear option,” which defends the platform from a hostile takeover; it is a plan that allows shareholders to buy shares at a discount if any shareholder exceeds 15 percent ownership. stake. The company announced in a statement that the intention of the plan was to ensure that whoever takes control, pays all shareholders an adequate and fair amount. For just a few days, Musk thought this was going to frustrate his plans, and he publicly said that he did not think he would be able to buy, but since the intention of the “poison pill” plan was not to prevent the purchase, but to make the purchase fair and not hostile, negotiations continued and they finally reached an agreement regarding the amount, terms and guarantees of payment.


Purchase structure Ultimately, Musk's bid switzerland whatsapp number data for Twitter closed at $44 million, or $54.20 per share, the same amount each shareholder will receive for each of their shares, representing a 38% premium to the stock's closing price on April 1, 2022. Elon raised $46.5 million in funding. A filing with the Securities and Exchange Commission (SEC) shows that he has $25.5 billion in debt financing from Morgan Stanley and other financial institutions, including loans backed by his equity stake in Tesla and $21 billion in equity financing. According to Bret Taylor, Twitter’s chairman of the board, “The board undertook a thoughtful process to evaluate Elon’s proposal with a deliberate focus on value, certainty, and financing.