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Started By
Message
re: Elon Musk is dumping 43 Billion Into Twitter in a Hostile Takeover
Posted on 4/14/22 at 8:09 am to NC_Tigah
Posted on 4/14/22 at 8:09 am to NC_Tigah
quote:
Not really. It is an offer to buy 100% of twitter at $54.20/share OR abandon his position altogether. This is a cash offer, but it would be financed (translation: Musk is not selling shares of TSLA to do the deal). TWTR is currently $51.90. The TWTR board and management would obviously get kicked to the curb, and so will fight tooth and toenail against Musk. The more likely outcome here is Musk selling off.
In addition, the board would be sued for breach of fiduciary duties and self dealing. By rejecting an offer that is higher than the current share price, the board would be screwing their shareholders out of profit to save their own skin. The board and the company will be tied up in litigation. Musk (or any shareholder) could file a Derivative Action against Twitter. Literally anyone owning just one share could do it. Musk has really put the board between a rock and a hard place with this offer.
This post was edited on 4/14/22 at 8:10 am
2
Posted on 4/14/22 at 8:10 am to LSUFAITHFUL
Elon as his first day as Twitter King
This post was edited on 4/14/22 at 8:13 am
Posted on 4/14/22 at 8:30 am to LSUFAITHFUL
Well I'll go buy some just so I can sue their butts if they say no.
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