Technology

Twitter Gains as Board Plots Defense Strategy Against Musk

Twitter Gains as Board Plots Defense Strategy Against Musk

Twitter Inc. shares gained on Monday after the social media company launched a poison pill defense to thwart an unsolicited bid by Elon Musk to take the company private at $54.20 a share. A securities filing on Monday confirmed the defense strategy Twitter outlined last week, which would allow the company to issue new stock that all shareholders except Musk could buy at a discounted price.

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