Twitter adopts a “poison pill” to thwart Musk takeover, giving shareholders time to purchase additional shares at a discount and dilute stakes larger than 15% (Axios)

Axios:
Twitter adopts a “poison pill” to thwart Musk takeover, giving shareholders time to purchase additional shares at a discount and dilute stakes larger than 15%  —  Twitter’s board on Friday enacted a defensive measure meant to deter Elon Musk’s $43 billion hostile takeover bid.