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A comment on Musk announces funding secured for Twitter buy. Parent comment

Re:Musk announces funding secured for Twitter buy by baby-yoda on Thursday April 21, 2022 @10:56AM (#31110231)
I was wondering about this - what's to stop him from creating 3 permanently sealed South Dakota trusts, acquiring 14% in each, and combined with his personal share calling a vote and immediately rejecting the poison pill and firing the board?
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Re:Musk announces funding secured for Twitter buy by rootusrootus on Thursday April 21, 2022 @11:04AM (#31110374)
IIRC Twitter already has rules about shareholder votes, and it couldn't happen until next year at the earliest. There's no provision for shareholders to call for a vote at any random time.
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Re:Musk announces funding secured for Twitter buy by tptacek on Thursday April 21, 2022 @11:49AM (#31111041)
The lawyers thought about that the day poison pills were invented. It's in the very first lines of the shareholder rights agreement.
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Re:Musk announces funding secured for Twitter buy by boringg on Thursday April 21, 2022 @11:54AM (#31111120)
Wait what is a permanently sealed South Dakota trust? And how do I get one of those interesting sounding mechanisms.
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