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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by hedora on Friday April 15, 2022 @07:06PM (#31047049)
Agreed, but there'd be no attempt at concealment (I didn't know beneficial ownership of shares was a thing), so, while it would be dumb to hand me and the IRS a large pile of cash, it sounds like it would probably still trigger the poison pill, and not be illegal.
Re:Twitter board adopts poison pill after Musk’s $43B bid to... by rad88 on Saturday April 16, 2022 @03:09AM (#31050273)
If doing it above board wouldn't make sense anyway, that means the idea is to do something illegal. You'd know who controls the board, how many shares the person currently buying it has secured, which way votes are going to go before they happen, etc. The rest of the shareholders, the rest of the whole market, wouldn't. You'd claim (and would probably have to in sworn testimony) that billion dollar gifts to you from Elon Musk, including your stock itself, were incidental.