Re:Musk announces funding secured for Twitter buy
by spikels on Thursday April 21, 2022 @10:33AM
(#31109945)
As far as I know it has never been done in practice but is sure seems like it would have a huge amount of fallout for existing shareholders. Would the board actually pull the trigger knowing this? On the other hand poison pills are widely used and have generally been considered a credible defense.
[ Parent
| on HN ]
Re:Musk announces funding secured for Twitter buy
by tptacek on Thursday April 21, 2022 @11:52AM
(#31111080)
They don't have to pull the trigger; it's already set up. These triggers never get pulled because it's irrational for a hostile acquirer to play chicken with them; it's like playing chicken with a brick wall.