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Firm wants to takeover Firm T , but management of Firm T doesn't want to be acquired. Firm T currently has 1 , 0 0

Firm wants to takeover Firm T, but management of Firm T doesn't want to be acquired.
Firm T currently has 1,000 shares outstanding.
Firm T is using Poison Pill tactics: If any shareholders reach 20% ownership, then any other shareholders with 1 share stock have rights to buy an additional share at its 50% market value.
Assume current stock price =$20? share, what is the share price after poison pill tactic?
$13.12
$18.75
$17.02
$15.56
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