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by nell
1514 days ago
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If they did the poison pill they have to show strong results to prove that the company is more valuable than the offer and that they are better shepherds of the company. If Twitter announced weak results in the upcoming earnings call in these market conditions, their stock would fall hard. If his bid were to be rejected, Elon would sell his 9% stake which would be another blow. The current board can't survive this. They will be sued for not performing their fiduciary duty. |
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