{"id":5388,"date":"2022-12-15T10:30:30","date_gmt":"2022-12-15T13:30:30","guid":{"rendered":"https:\/\/artica.capital\/clairfield-pilulas\/transacoes-hostis-um-olhar-para-a-aquisicao-do-twitter\/"},"modified":"2025-08-21T17:17:40","modified_gmt":"2025-08-21T20:17:40","slug":"transacoes-hostis-um-olhar-para-a-aquisicao-do-twitter","status":"publish","type":"pilulas","link":"https:\/\/artica.capital\/en\/clairfield-pilulas\/transacoes-hostis-um-olhar-para-a-aquisicao-do-twitter\/","title":{"rendered":"Hostile Transactions: A Look at the Twitter Acquisition"},"content":{"rendered":"

Elon Musk's acquisition of Twitter began in April and was only completed in October 2022. During this period, the company and the entrepreneur engaged in a series of disputes: Musk quietly became the company's largest shareholder; then announced the full acquisition; withdrew; was sued; and finally, reversed his withdrawal and completed the transaction. Processes like this, characterized by the attempted forced acquisition of control of a publicly traded company, are called a hostile takeover.<\/p>\n\n\n\n

In hostile takeovers, the target company's management and\/or Board of Directors are typically not interested in selling control of the company, and the buyer begins to seek other ways to complete the transaction rather than a friendly takeover.<\/p>\n\n\n\n

Among the most commonly used tactics, a tender offer is a public proposal to acquire a company at a premium over the share price, delivered to shareholders with a defined validity period. When a tender offer is made, minority shareholders, although they do not have decision-making rights, begin to pressure and influence management to accept or reject the proposal.<\/p>\n\n\n\n

Despite this, in hostile takeover attempts, target companies can use well-known defense mechanisms. In the lawsuit between Twitter and Elon Musk, the company, seeking to prevent the entrepreneur from acquiring a stake exceeding 15%, activated a poison pill, which would have given other shareholders the right to purchase additional shares at a discount to the market price, diluting Musk's stake.<\/p>\n\n\n\n\n

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A aquisi\u00e7\u00e3o do Twitter por Elon Musk come\u00e7ou em abril e foi conclu\u00edda apenas em outubro de 2022. Nesse per\u00edodo, a companhia e o empres\u00e1rio travaram uma s\u00e9rie de disputas: de forma silenciosa, Musk se tornou o maior acionista da empresa; em seguida, anunciou a aquisi\u00e7\u00e3o total; desistiu; foi processado; e, por fim, voltou atr\u00e1s em sua desist\u00eancia e concluiu a transa\u00e7\u00e3o. <\/p>","protected":false},"author":1,"featured_media":5383,"template":"","meta":[],"class_list":["post-5388","pilulas","type-pilulas","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas\/5388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas"}],"about":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/types\/pilulas"}],"author":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media\/5383"}],"wp:attachment":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media?parent=5388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}