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Matt Levine’s Money Stuff: Twitter Has a Poison Pill Now

April 18, 2022, 6:38 PM

Poison pills

Here are some things you could do :


  1. Buy 51% of the stock of a public company in the open market over time, just buying whenever anyone sells, looking for any blocks of stock that come loose, paying the market price for each trade, etc. To put numbers on it, let’s say you start buying at around $40 per share and finish at around $50 per share. (Your buying, and the legally required disclosure of your ownership, will push up the price.) Once you have 51%, you take control, vote out the board, vote in your buddies, elect ...