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re: Twitter board unanimously recommends Musk's takeover bid...Has Elon Bit off too much?

Posted on 6/23/22 at 10:32 pm to
Posted by dafif
Member since Jan 2019
5680 posts
Posted on 6/23/22 at 10:32 pm to
So...neither you nor cwill read the frickin contract.

Guess what...there are clauses in there ... There is no waiver of anything. It is your standard business purchase agreement with high powered law firms that are allowed to look at the books, the records and any other information.

But..feel free to make up more stuff.
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 6/23/22 at 10:43 pm to
quote:

with high powered law firms that are allowed to look at the books, the records and any other information.


Copy paste the due diligence provisions…the due diligence provisions, the price adjustment provisions and square that with his proposal and the proxy statement which specifically provides diligence was waived:

quote:

Mr. Musk also disclosed that his acquisition proposal was no longer subject to the completion of financing and business due diligence.


Proxy statement.

Musk also reps and warrants in the merger agreement that the he info he supplied relative to the proxy is true and correct. He signed off on it. The merger agreement reflects that understanding.
Posted by billjamin
Houston
Member since Jun 2019
12840 posts
Posted on 6/23/22 at 10:43 pm to
quote:

But..feel free to make up more stuff.

you’ve never done anything like this and just proving how little you know about it.
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