It's on!
Posted on 04/14/2022 3:43:19 PM PDT by shadowlands1960
The firm recently purchased an additional 12 million shares of TWTR
Twitter (NYSE:TWTR) is in full focus today after Tesla (NASDAQ:TSLA) CEO Elon Musk announced an offer to buy the social media platform for $54.20 per share. Oddly enough, shares of TWTR stock closed the day down 1.7%. This is likely because Musk’s offer may not come to fruition. Twitter (TWTR) logo displayed on a smartphone screen with a hand ready to use the app Source: shutterstock.com/khak
Currently, Twitter is reportedly weighing a “poison pill” option that may discourage Musk from acquiring the company. A poison pill provision effectively makes an acquisition less attractive by allowing existing shareholders to purchase shares at less than market value. On top of this news, Saudi Prince Alwaleed bin Talal — a large shareholder of the company — voiced his disapproval of the acquisition.
Prior to all this Twitter drama, however, one investment firm with over $6.67 trillion in assets under management (AUM) reported increasing its existing TWTR position. Let’s jump into the details.
(Excerpt) Read more at investorplace.com ...
VIDEO: Liberals reaction if Elon Musk buys Twitter
https://rumble.com/v10y8lb-liberals-reaction-if-elon-musk-buys-twitter.html?mref=kkgl3&mc=3chow
Elon Musk
@elonmusk
·
2h
Taking Twitter private at $54.20 should be up to shareholders, not the board
It looks like he is going to have to buy 51% to get there...
If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.
The liability they would thereby assume would be titanic in scale.— Elon Musk (@elonmusk) April 14, 2022
I like how he flipped the fiduciary duty back onto the twitter board after they tried to trap him with it.
Twitter permanently banning Musk in 3 ... 2 ... 1 ...
twitter is so yesterday anyway. Musk would be better off unloading all his shares and crushing their stock value
I like the usage of the word “titanic “
Part of bids like Elin Musk isn’t always about making money. It is sometimes about causing others to lose money.
Lefties are really worried about this. Their company, founded to identify dissenters and to silence them, just might be forced to become just a place to say what’s on your mind in less than 280 characters.
I don’t think this has much of anything to do with money. I think Twitter pissed Elon off with their behavior so now he’s coming after the company. Looks pretty cut and dry to me.
I wonder if all of these people are buying the shares a lower price to turn around and make a profit by selling them to Musk?.
It would be funny if it backfired like that?
It is up to shareholders but they look to the board to tell them if they like the price.
I don’t give a crap who owns it, I’ll still never join.
The commies dont want Musk to buy twitter because they need twitter to stay in Dem controlled hands, to be able to ban anyone they disagree with..if Musk takes over, he will allow for free expression, something the Communist left is against
He can force a new slate of directors plus get others to vote with him and his slate
I wonder how the bylaws provide for that? Do you have to own a certain percentage to bring a division on the board? If so, how much?
LOL!!! Funniest thing I've seen all week!
Thanks for sharing that!
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