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A comment on Twitter board adopts poison pill after Musk’s $43B bid to buy company. Parent comment

Re:Twitter board adopts poison pill after Musk’s $43B bid to... by dasil003 on Friday April 15, 2022 @04:25PM (#31045390)
True, but the GP's phrasing of "equate dollar values" implies a sort of cut and dried interpretation. A mechanical calculation of a short-term price snapshot is not the only thing that matters. If the board has good reason to believe that Musk will be bad for the stock price in the long-term then there wouldn't be any breach of fiduciary duty.
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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by tsimionescu on Friday April 15, 2022 @04:28PM (#31045438)
That's not exactly true, as Musk's offer is to buy the company outright, making it private (and thus buying out all shareholders), as I understand - so there is no concept of how Musk's ownership would affect the stock price. Still, the board can easily argue "we believe shareholders will be able to achieve higher profits in the future by maintaining their ownership than by selling all stock at Musk's offered price today".
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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by bradleybuda on Saturday April 16, 2022 @01:22AM (#31049735)
He claims that he wants to “retain as many shareholders as is allowed by the law” [0] which is just as fictional as it was when he pretended to try to take Telsa private.

[0] https://www.bloomberg.com/opinion/articles/2022-04-15/sure-e...

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