Mosk, the ChiComs wouldn't sell the Bidens to me 
Posted on 04/29/2022 10:28:40 AM PDT by catnipman
Musk will next make a $54.20 tender offer to raise his shareholding in Twitter to at least 50% or higher. A tender offer is where he asks shareholders to sell him their shares. He owns 9.2%, some 73.5 million shares. To get over 50%, he needs another 319.5 million shares, which will cost $17.2 billion. Easy-peasy. He has $46 billion in financing lined up.
As the board deliberated last weekend, Musk reportedly spent the weekend on the phone with big shareholders, wooing them. From there, it doesn’t require any rocket science: Musk or some member(s) of Team Musk have undoubtedly added up the yeses from last weekend and knows Musk can cross over to majority control. There is the fairly unlikely scenario of some sudden shareholder revolt, stopping him from passing 50%. Again, pretty unlikely.
The tender offer will stay open for 20 business days. “And then any shareholder who didn’t tender into his offer will get cleaned up by the company,” says Brian Quinn, a corporate law professor at Boston College. “The company cuts you a check for $54.20 for every share you still own.”
U.S. regulators don’t seem likely to oppose it over antitrust concerns, since Twitter is not combining with, say, Snap or something.
(Excerpt) Read more at forbes.com ...
it's under $50 as i write this and Musk will be paying everyone over $54.
That’s not a bad idea.
I dunno. Is the juice worth the squeeze even at a $4 a share profit?.....I’m too lazy to do the math
the difference at the moment represents “risk”, there is always a small chance it might fall through. Musk could discover before closing the deal that 60% of accounts are fake and back out for instance.
but at this point, who is gonna sell their shares?
Musk had to convince the banks that Twitter produced enough cash flow to service the debt he sought. In the end, he clinched US$13 billion in loans secured against Twitter and a US$12.5 billion margin loan tied to his Tesla Inc stock. He agreed to pay for the remainder of the consideration with his own cash.
Someone on Morning Joe was salivating that this margin loan could backfire on Musk.
“Someone on Morning Joe was salivating that this margin loan could backfire on Musk.”
I bet it wasn’t Lori Klausutis...
Mosk, the ChiComs wouldn't sell the Bidens to me
Watching the left have caniption fits is worth every penny of the $44B !
TWTR is $0.21 up $49.30
but why would anybody sell knowing what the sale price is going to be if held?
is it trading? or is that the asking price
i’d think even the electronic trading houses would be flagged to hold
i’d think guaranteed money would be hard to turn down...
Nope. (Made me look it up! LOL)
Business Insider columnist Linette Lopez
and man did she have it out for Elon.
“but at this point, who is gonna sell their shares?”
everyone ... musk already has agreements to buy at least 51% ... at which he becomes the private owner and the rest will automatically get a check for the remaining shares whether they want to sell or not based on his original tender offer, and because the remaining shares will be delisted and no longer BE shares ...
Just wait till the Democrat Party, er...I mean the Federal Government has their Ministry of Truth up and running. They will SHUT THIS GUY UP!!!
my point exactly!
the question was to current asking share price
i said who would sell their shares TODAY, knowing the payout is coming???
Thiel is worth 9B and wants this to happen worse than Musk. He doesn't have to put a penny in the pot ...
“i said who would sell their shares TODAY, knowing the payout is coming???”
oops misread your intent ... however, there ARE indeed people selling at a discount to the tender offer, or one couldn’t buy at a discount ... in fact, the stock closed down some more today at $49.00 ... the discount is supposedly due to perceived risk that Musk can’t or won’t consummate the tender offer ... so, i suppose buying at $49.00 with the intent to cash in at $54.20 would be a vote in confidence of Elon Musk, you know, the guy built a massive auto manufacturer from scratch, built science-fiction rockets whose boosters land vertically on platforms for reuse, and built a low orbit satellite constellation that puts Iridium to shame ...
it’s beyond me...
who ever is selling is giving away money
“who ever is selling is giving away money”
that basically answers my original question ...
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