R.M.P Marotta Long Island

Last week, Twitter adopted a measure known as a “poison pill,” which refers to a tactic that companies employ to block an investor from accumulating a majority stake in a company. 

If any shareholder accumulates a 15% stake in the company in a purchase not approved by the board of directors, other shareholders will get the right to buy additional shares at a discount diluting the roughly 9.1% stake Musk recently purchased. 

https://www.foxbusiness.com/politics/elon-musk-reportedly-setting-up-move-for-twitter-within-10-days