- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 7/8/22 at 4:48 pm to TigerstuckinMS
https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm
More at the link
quote:
Dear Ms. Gadde:
We refer to (i) the Agreement and Plan of Merger by and among X Holdings I, Inc., X Holdings II, Inc. and Twitter, Inc. dated as of April 25, 2022 (the “Merger Agreement”) and (ii) our letter to you dated as of June 6, 2022 (the “June 6 Letter”). As further described below, Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect (as that term is defined in the Merger Agreement).
While Section 6.4 of the Merger Agreement requires Twitter to provide Mr. Musk and his advisors all data and information that Mr. Musk requests “for any reasonable business purpose related to the consummation of the transaction,” Twitter has not complied with its contractual obligations. For nearly two months, Mr. Musk has sought the data and information necessary to “make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform” (our letter to you dated May 25, 2022 (the “May 25 Letter”)). This information is fundamental to Twitter’s business and financial performance and is necessary to consummate the transactions contemplated by the Merger Agreement because it is needed to ensure Twitter’s satisfaction of the conditions to closing, to facilitate Mr. Musk’s financing and financial planning for the transaction, and to engage in transition planning for the business. Twitter has failed or refused to provide this information. Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.
More at the link
Posted on 7/8/22 at 4:48 pm to deeprig9
Would you buy a pseudo business that won't open the books and show you the financials ?
Musk is playing 3-D chess with these idiots. They need to be investigated by the SEC for fraud and basically lying to their shareholders.
Musk is playing 3-D chess with these idiots. They need to be investigated by the SEC for fraud and basically lying to their shareholders.
Posted on 7/8/22 at 4:48 pm to deeprig9
But but he's gonna let Trump back on. 
Posted on 7/8/22 at 4:49 pm to deeprig9
Only time he's ever pulled out
Posted on 7/8/22 at 4:50 pm to deeprig9
Totally shocking. No one could have predicted this was going to fall apart
Posted on 7/8/22 at 4:51 pm to Jfk Jr
quote:
But but he's gonna let Trump back on.
You’re an idiot and don’t understand what happened. Ever seen or read Hitchhiker’s Guide to the Galaxy? Well basically Elon and the shareholders are the dolphins and are singing to the Twitter employees “So Long and Thanks for all the Fish.”. They’re so fricked I can not stop laughing.
Posted on 7/8/22 at 4:52 pm to AllDayEveryDay
quote:
Only time he's ever pulled out
Okay, that's funny right there.
Posted on 7/8/22 at 4:53 pm to Jfk Jr
quote:Hes trying to get it for nearly half the price. Only this deal is done. Not any future one.
But but he's gonna let Trump back on.
Posted on 7/8/22 at 4:57 pm to deeprig9
quote:
@btaylor
The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
Posted on 7/8/22 at 4:59 pm to OMLandshark
Posted on 7/8/22 at 4:59 pm to AllDayEveryDay
quote:
Only time he's ever pulled out
Posted on 7/8/22 at 5:00 pm to ell_13
quote:
BREAKING: Twitter says it will sue Elon Musk to complete the $44B merger he just rejected and is "confident" it will prevail - AP
Yeah, good luck, Twitter.
God to be a fly on the wall at Twitter’s HQ right now. Hope a non-woke employee is recording it.
Posted on 7/8/22 at 5:01 pm to Teddy Ruxpin
quote:
I think Musk super fans are weird, but this is weird too.
It's not like his companies all have vapor ware.
To some hillbilly living in a trailer out in the sticks, its very possible that electric cars, space travel, and Paypal seem like snake oil.
Posted on 7/8/22 at 5:01 pm to deeprig9
Posted on 7/8/22 at 5:03 pm to Decatur
quote:
BNO News
@BNONews
Twitter shares plunge 8% in after-hours trading as Elon Musk pulls out of deal
Posted on 7/8/22 at 5:04 pm to WestCoastAg
quote:
Twitter is about to tank. Not a good look
That's a fact, Jack. The sooner the better
Posted on 7/8/22 at 5:04 pm to AllDayEveryDay
quote:
Only time he's ever pulled out
Posted on 7/8/22 at 5:05 pm to James11111
quote:
To some hillbilly living in a trailer out in the sticks, its very possible that electric cars, space travel, and Paypal seem like snake oil.
that's what Starlink is for!
Page 2 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News