Florida Governor Ron DeSantis said his state could take action against Twitter Inc. for launching a poison pill defense to thwart an unsolicited bid by Elon Musk.
Musk recently announced he would be attempting to purchase 100 percent of Twitter, offering $54.20 per share — a premium over the current stock price. Twitter’s board of directors fought back by initiating a “poison pill” defense to hamper Musk’s effort.
DeSantis said Florida could have legal standing to try and take action against Twitter because the state pension owns shares. The potential GOP presidential candidate said he would be looking at ways to hold Twitter’s board “accountable for breaching their fiduciary duty.”
