Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by friesfreeze on Friday April 15, 2022 @05:48PM
(#31046293)
Poison pills often have exemptions for passive investors such as ETFs.
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Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by anonu on Friday April 15, 2022 @09:45PM
(#31048348)
Don't think that's true. ETF fund managers, when faced with a corporate action decision, will always vote for whatever maximizes their shareholders value.
Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by friesfreeze on Friday April 15, 2022 @10:34PM
(#31048763)
Courts have upheld poison pills that treat 13D and 13G filers differently. I'd wager most ETFs that hold 5% of major public companies are 13G filers. Vanguard files a 13G for twitter. To be fair idk what the twitter pill will do - maybe it will be more aggressive.