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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 ameister14 on Friday April 15, 2022 @10:07PM (#31048536)
The poison pill was mostly developed at a time when the alternative was him selling all the company assets and leveraging the company to load it with as much debt as possible then give out as large a dividend as he could before selling off the stock leaving the company insolvent and everyone out of work.

So imagine a company taking $100 million in debt, giving all that out as a dividend then the stock price tanking through quick sales. Poison pill keeps the company going and avoids that fate.

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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by salawat on Sunday April 17, 2022 @05:38PM (#31064723)
...Companies do not warrant immortality. I fail to see how a corporate vehicle being able to persist against those that have bought in sufficient stake to move policy makes any sense whatsoever.
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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by gengelbro on Friday April 15, 2022 @11:30PM (#31049177)
And this course of events is certain why? Because you've stated so?
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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by ameister14 on Saturday April 16, 2022 @08:31AM (#31051781)
Yeah, I didn't say anything about it being certain. I was outlining why it was developed.
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