Re:Ask HN: What happened to Twitter poison pill?
by jdasdf on Monday April 25, 2022 @06:29PM
(#31161618)
They are not discriminating. Elon can purchase the same amount of stocks (proportionally) at the same price as every other shareholder.
It's just that since the strike price is lower than the price he is offering to buy the company at, other investors are better off exercising their warrants and then selling to elon.
It's just that since the strike price is lower than the price he is offering to buy the company at, other investors are better off exercising their warrants and then selling to elon.