Carvana stock rose Tuesday after the used-car retailer announced it is adopting a net-operating-loss poison pill. Net operating losses, or NOLs carryforwards, are a tax provision allowing businesses t...
Tag: Shareholder Rights Plans
Musk Says Twitter’s Board Owns Almost No Stock. Here’s How It Compares With Tesla.
Twitter’s directors are granted $225,000 of restricted stock units, plus at least $50,000 in cash, annually. David Paul Morris/Bloomberg Text size Elon Musk questioned Twitter directors’ alignment wit...
Elon Musk Isn’t Going Away if Twitter Rejects Him. Here’s What He Might Pay.
Text size Elon Musk Scott Olson/Getty Images Even if the Twitter board rejects Tesla CEO Elon Musk’s offer to buy the social-media platform, he won’t go away immediately. There is more drama to come. ...
What Is a Poison Pill? Twitter Adopts Defensive Move to Fend Off Elon Musk.
Elon Musk offered to buy Twitter for $43 billion. He currently has a 9.2% stake in Twitter. Photo by Christian Marquardt – Pool/Getty Images Text size Twitter adopted a so-called poison pill Fri...
Opinion: Do poison pills work? A finance expert explains the anti-takeover tool that Twitter hopes will keep Elon Musk at bay
Takeovers are usually friendly affairs. Corporate executives engage in top-secret talks, with one company or group of investors making a bid for another business. After some negotiating, the companies...