Elon Musk
@elonmusk
ยท
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...
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 is up to shareholders but they look to the board to tell them if they like the price.
Its rarely up to common stock holders.... What they have say in is very very limited... preferred stock holders hold the power, generally.