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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 hedora on Friday April 15, 2022 @06:42PM (#31046826)
> Such an arrangement would make Elon the beneficial owner of your shares.

Thanks for explaining why that won't work.

Presumably, if Elon has a few rich friends, they could use their own money, vote as a block, and the board would still be screwed.

I wonder what other schemes would work. B corp, maybe?

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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by doldols on Friday April 15, 2022 @06:56PM (#31046960)
> Presumably, if Elon has a few rich friends, they could use their own money, vote as a block, and the board would still be screwed.

But that’s just playing along with the spirit of the rules, not a loophole.

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