Ontario Capital Markets Tribunal terminates Bitfarms' poison pill plan against Riot Platforms' acquisition.
Bitcoin miner Riot Platforms announced on Wednesday that the Ontario Capital Markets Tribunal terminated rival Bitfarms' attempt to adopt a "poison pill" to thwart its acquisition. The tribunal's cease trade order effectively ends Bitfarms' 15% trigger-based poison pill plan, which aimed to fend off a hostile takeover. Riot CEO Jason Les called the tribunal's decision a win for all Bitfarms shareholders.
July 24, 2024
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