Musk can make a tender offer conditioned on Twitter removing the poison pill.
There have been past takeovers of companies that had poison pills. In 2006, Pilgrim’s Pride will acquire all of the outstanding shares of Gold Kist common stock for $21.00 per share in cash. Gold Kist had put in a poison pill but Pilgrim’s Pride succeeded in taking over anyway.
Tender offers direct to shareholders and proxy battles can be used to takeover a company even if the company has taken poison pill measures.
The people currently running Twitter are incompetent. Elon will be able to takeover and increase the revenues of Twitter and grow it into the top or at least a top five social media site. Twitter is currently ranked about 20th in active users for social media sites.
By 2023, Elon will have 5-10 million users of Starlink. This will be up from 1 million at the end of this year. Elon will have 8 million Tesla customers which will be up from 2.3 million today. He will have acquired Twitter and it will have 400+ million active users. This will be up from 215 million today.
By 2026, Elon will have 100 million users of Starlink and 60-100 million Tesla customers. The future Twitter with short video will have over 1 billion users.
SOURCES- NYpost
Written by Brian Wang, Nextbigfuture (Brian has shares of Tesla and Twitter)
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.