Twitter adopts ‘poison pill’ to fend off Elon Musk’s $43B takeover bid

Twitter adopts ‘poison pill’ to fend off Elon Musk’s $43B takeover bid

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“I think it’s equally ironic that we’re at this point in history where someone like Elon Musk has been able to take our company and make it so profitable that you can’t even keep making it anymore,” Mr Nunes said.

“What we have on our minds is just how toxic the information is in the media right now. I think the media is eagerly responding to those efforts to be more careful in how they report on these things, with their articles, on the subject of the Amcast.”

NASDAQ intelligence chief Carl Icahn said in a statement that the problems over the overflow of the information were “very serious” and that its reviews of the energy-related financial reporting were fair and accurate.

“We and our analysts are aware of the use of certain Overstock.com information in this posting. The US Securities and Exchange Commission (SEC) incurs a significant fee for any SEC investigation, referral or any other hearing under the Securities Act,” Mr Icahn said.

“Rather than playing down this data breach, our community has been able to determine that the underlying problem is real.

“The SEC is currently investigating two fully disclosed incidents, one involving Amcast’s latest quarterly report and the other involving the Amcast floating rate inquiry, as well as a full disclosure of proprietary information.”

In a statement, Chief Financial Officer Mike Hess, who was quoted by Bloomberg, said: “We’ve worked closely and aggressively with the SEC since 2012 on this issue. We believe the exact same data is causing some of the worst risks, but this is an important issue that needs to be addressed.

“It’s been a terrible day for us in the marketplace, but the law and the regulators need to take action now in order not to repeat the mistakes of the past.”

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