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Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

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Share the big business world with a different perspective

18.04.2022

Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

The number of words: 3500, the reading time is about 10 minutes

Introduction: Share the big business world with a different perspective

Source: Strange Circle Business

Responsible editor: @Weird Circle Jun

Twitter is planned with poison pills

— Counter Musk's $41.4 billion acquisition plan

--------------------------------- Strange circle jun

Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

Strange circle business insights

On April 18, Twitter's board of directors announced a new shareholder equity plan to protect itself from Elon Musk's bold $41.4 billion acquisition on Friday.

Shareholders' equity schemes have also been called "poison pills" in the financial community because they are used to thwart hostile takeover attempts. This shareholder equity plan will expire after one year and can be executed if a party acquires 15% of the company's shares without prior approval.

Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

The equity plan is designed to ensure that anyone who gains control of Twitter through open market accumulation pays an appropriate control premium to all shareholders. The equity plan will dilute the shares acquired in bad faith.

Bloomberg quoted an unnamed source as saying that the implementation of the shareholders' equity plan was also used by Twitter's board to buy time for Musk's offer.

"If the board believes that this is in the best interests of Twitter and its shareholders, then the equity plan does not prevent the board from approaching the parties or accepting the takeover proposal." Twitter's press release said.

News broke on Thursday that Musk had made a $54.20 per share buyout offer to take the company private, a bid 38 percent higher than Twitter's April 1 closing price. Musk said the bid was his best and final bid.

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Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

InvestCor

IT will invest $1.1 billion to build AC Milan

Strange Circle Business reported on April 18 that Elliott Group is now actively communicating with InvestCorp, and the two sides are very close to reaching an agreement. After the completion of the acquisition, InvestCorp will invest $1.1 billion, which includes a new stadium construction project in addition to the increased budget.

Important news interpretation

According to Strange Circle Business, the two sides are expected to reach a final agreement and complete the acquisition/sale work around the end of the season. At the strategic level of the club's development, they may continue the path that Elliott Group has taken in Milan. The transfer market will be taken seriously, but they will not be brainless in making big signings. In addition, Elliott Group did not voluntarily list for the sale of Milan, but when they received an important offer from InvestCorp, they decided to start negotiations with the other side.

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Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

China Eastern Airlines

In response, boeing 737-800 commercial operations were resumed

Strange circle business news on April 18, the air travel information shows that the "3.21" China Eastern Airlines MU5735 aircraft flight accident (aircraft Type Boeing 737-800) nearly a month later, on April 17, China Eastern Airlines resumed the commercial operation of Boeing 737-800 flights.

Important news interpretation

According to the understanding of strange circles business, the first flight of the resumption flight was MU5843, which took off from Kunming Changshui International Airport at about 10 o'clock and ended at Chengdu Shuangliu International Airport. After that, the flight flew the MU5844 return mission, and took off from Chengdu Shuangliu International Airport to Kunming Changshui International Airport at about 13:00. In this regard, China Eastern Airlines customer service told China News Finance that previously, the suspension of Boeing 737-800 flights was an emergency measure to ensure safety, and after half a month of comprehensive system inspection, China Eastern Airlines was gradually resuming operations in a planned manner in strict accordance with the standards and regulations of civil aviation airworthiness.

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Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

JD Logistics

3,246 reinforcements were mobilized across the country to reinforce Shanghai

Strange Circle Business reported on April 18 that Jingdong Logistics recruited and mobilized a total of 3246 front-line anti-epidemic supply personnel such as courier brothers and sorters nationwide to Shanghai for reinforcements within a week, and most of them have arrived in Shanghai.

Important news interpretation

According to the strange circle business understanding, the head of shanghai HR of Jingdong Logistics East China Branch said that the company is making every effort to solve the accommodation problem, and some of the brothers who arrived in Shanghai have stayed in hotels, dormitories, apartments, etc., and have prepared camp beds, tents, sleeping bags, etc., but at present, the resources that can be accommodated in hotels are still in short supply. Jingdong Logistics will fully guarantee the epidemic prevention safety of all brothers and goods, equipped with sufficient protective clothing, N95 masks, face shields, gloves, disinfectant and other epidemic prevention materials. And will strictly implement the protective killing measures, all staff will carry out nucleic acid testing and antigen detection every day, hold a negative nucleic acid certificate, and do a good job in the whole process and multi-frequency elimination.

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Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

China Railway

Signed a strategic cooperation agreement with the China Institute of Construction Research

Strange Circle Business April 18 news, april 15, China Railway and China Academy of Building Research Co., Ltd. signed a strategic cooperation agreement at the headquarters of the joint stock company.

Important news interpretation

According to the understanding of Strange Circle Business, according to the agreement, the two sides have determined the first batch of key cooperation content to be promoted, and will comprehensively cooperate in the fields of standard internationalization, greening, BIMBase, intelligent manufacturing and construction, achievement transformation and promotion, and urban renewal to achieve complementary advantages and win-win cooperation.

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Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

Times China

Responded to the withdrawal of a number of old renovation projects in Guangzhou

Strange Circle Business reported on April 18 that a screenshot of a document of Guangzhou Times Holding Group Co., Ltd. "Report on Pleading to Support the Withdrawal of Old Renovation Projects" was circulated in the industry.

Important news interpretation

According to the understanding of strange circles of business, the report pointed out that Times China in guangzhou city public investment in the old village transformation project, has obtained the cooperation identity of 9 old village projects, "Recently, due to the superposition of multi-faceted policies, the financing channels of real estate enterprises are limited, the project sales collection has declined significantly, which has seriously affected the stability of our cash flow, and the old reform project has precipitated a large amount of funds in our company, in order to smoothly overcome the current stage of difficulties, I implore the municipal government to support enterprises to alleviate difficulties." Times China said that when the urban renewal policy and market environment change and adjust, the company will regularly review and adjust the existing urban renewal projects in response to the changes. In view of the recent amendments and changes in the urban renewal policies and plans of Guangzhou and its subordinate districts, the company actively communicates with the relevant government departments on individual project matters to promote new solutions, which is a normal business practice.

Twitter countered Musk's $41.4 billion acquisition plan with a poison pill plan

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