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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 roughly on Friday April 15, 2022 @09:04PM (#31048008)
I’m curious what happens in that case, then - let’s say hypothetically that SPY has enough cash come into the fund that they’ll cross that threshold if they follow their stated investment policy (“buy the S&P”) - what’s the move, then?
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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by lalaland1125 on Friday April 15, 2022 @10:45PM (#31048843)
Buy futures or other assets that will mimic the price.

The stated investment goal isn't "buy the S&P", it's "match the price of the S&P".

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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by roughly on Friday April 15, 2022 @11:03PM (#31048977)
How far can you go with that strategy? The derivative assets aren’t going to fully move with the price, and can have much higher volatility than the asset you’re trying to avoid buying.
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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by rosndo on Saturday April 16, 2022 @04:42AM (#31050764)
No, you aren’t going to have higher volatility like this than you would buy triggering a poison pill like discussed in the article.
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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by rosndo on Saturday April 16, 2022 @04:45AM (#31050774)
They will talk to Twitter board and make an agreement with them to not trigger the poison pill, and continue buying shares.

Such an agreement would be reached incredibly quickly, there would be no need for stopgap measures.

From the article:

> Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval

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