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by bigiain 1514 days ago
> but the deal he agreed to was approved by the board.

Yeah, probably as qiskit suggested, because the major shareholders told the board to pull their heads in and take the money.

1 comments

Given the context of this discussion is a question about why the poison pill didn’t prevent this bid from succeeding, I think it doesn’t matter whether the board accepted because of negotiations with Musk (willingly) or because of shareholder pressure (through gritted teeth). The point is, the board approved the deal so the poison pill didn’t trigger. If they rejected the deal, the poison pill would still be a factor.

At least that’s my understanding.