The saga continues...
Posted on 04/21/2022 7:35:06 AM PDT by shadowlands1960
Elon Musk has secured a US$46.5 billion financing commitment to acquire Twitter Inc. and is considering starting a tender offer for its outstanding shares, a filing with U.S. regulators showed on Thursday.
Musk has offered to buy Twitter for US$43 billion, which prompted Twitter to adopt a “poison pill” to limit his ability to raise his stake in the social media platform.
Read more: Elon Musk vows $0 salary for Twitter’s board after ‘poison pill’ adopted
Musk is exploring, but has not yet determined, whether he will make a tender offer to acquire all outstanding shares of Twitter, according to the filing with the U.S. Security Exchange Commission (SEC).
A tender offer sees a prospective buyer pump up their bid price in a specified timeframe in an effort to win over more shareholders.
(Excerpt) Read more at globalnews.ca ...
Very, very, very good news.
Musk is going to run for president, and Trump showed him that he needs the twitter platform
To finance the Proposed Transaction or a Potential Offer, entities related to the Reporting Person have received commitment letters committing to provide an aggregate of approximately $46.5 billion as follows:
(i) A debt commitment letter, dated April 20, 2022 (the “Debt Commitment Letter”), from Morgan Stanley Senior Funding, Inc. and certain other financial institutions party thereto as commitment parties (collectively, the “Commitment Parties”) pursuant to which the Commitment Parties have committed to provide $13 billion in financing to the Reporting Person and related entities as follows: (a) a senior secured term loan facility in an aggregate principal amount of $6.5 billion, (b) a senior secured revolving facility in an aggregate committed amount of $500 million, (c) a senior secured bridge loan facility in an aggregate principal amount of up to $3 billion and (d) a senior unsecured bridge loan facility in an aggregate principal amount of up to $3 billion ((a) – (d) collectively, the “Debt Facilities”);
(ii) A separate debt commitment letter, dated April 20, 2022 (the “Margin Loan Commitment Letter”), from Morgan Stanley Senior Funding, Inc. and certain other financial institutions party thereto as commitment parties (collectively, the “Margin Loan Commitment Parties”) pursuant to which the Margin Loan Commitment Parties have committed to provide $12.5 billion in margin loans (the “Margin Loan Facility”), the proceeds of which will be distributed or otherwise made available to Purchaser; and
(iii) An equity commitment letter, dated April 20, 2022 (the “Equity Commitment Letter”), from the Reporting Person pursuant to which the Reporting Person has committed to provide equity financing for the Proposed Transaction or the Potential Offer sufficient to pay all amounts payable in connection with the Offer and the Merger (plus related fees and expenses), net of the amounts to be funded pursuant to the Debt Commitment Letter and the Margin Loan Commitment Letter, which is currently expected to be approximately $21 billion (the “Equity Financing”).
Funding of the Debt Facilities, the Margin Loan Facility and the Equity Financing are each subject to the satisfaction of certain limited conditions precedent as further described in the Debt Commitment Letter, the Margin Loan Commitment Letter and the Equity Commitment Letter, which are customary for acquisition financings (including, with respect to the Margin Loan Facility a condition which requires that the borrower thereunder satisfy a maximum loan to value ratio of 20%, which is expected be satisfied by the contributions of a portion of Mr. Musk’s unencumbered shares in Tesla, Inc. to such borrower).
He probably needs less than 50% to tender as he need only vote out the board.
Musk is foreign born - South African by birth. He’s not eligible to run for President.
That is what some said about Barry, and some will soon say about kamala
Just like Nobama.🤔
He can’t, unless Congress, having power over naturalization, can pass an act making him a natural born citizen.
Hussein was born in Nyang’oma Kogelo which I don’t believe is part of a US state or territory.
And it’s true about Kamala, though no one has the guts to say it.
Obama is more complicated. I believe he was ineligible because the intent of that part of Article II was that your father had to be a citizen at time of birth. Under British law, it was the father that conferred citizenship. Now Obama had cover because his mother was a US citizen... it would be hard to argue in the present void of Supreme Court interest in the issue, that a mother’s citizenship is inferior to the fathers, even if that was in fact the state of the law at the time Obama was born.
Some on this site argue that both parents needed to be citizens... that is a European view they gleaned from Vatal but it doesn’t necessarily apply to the United States of 1788, which was using the nomenclature of British common law.
If he does run, another thing Trump demonstrated for him was the fact you could trust NO ONE in the DC sewer. If he should get elected he would need to fire every single person he was legally able to fire. Hire no one who has spent one day in DC.
He claimed he was born in Hawaii.
It wouldn’t matter where he was born if he was born to U.S., citizen parents. ‘Natural’ in law means ‘from the body.’ For instance a ‘natural son’ is a son that is born of your body (without benefit of clergy).. that is.. a bastard...
Native born isn’t a constitutional requirement under Article II.
Obama’s alleged mother couldn’t confer citizenship to him in 1961 because she was too young at the time, some 3 1/2 months shy of her 19th birthday in November that year.
The Fourth Estate will need to fight this one..... can’t have a non believer in the game!
If anything, Obama was born a statutory citizen. A statutory citizen is not an Article 2 Section 1 natural born Citizen and therefore was never Constitutionally eligible.
“Musk is going to run for president”
Once upon a time, I would have said he was ineligible since he was born in South Africa.
But after President Sparklefarts & Vice President Roundheels, I think “Natural Born” requirement is now moot.
But just think if he runs, he could be the first true
African-American President. That would kick President Sparklefarts to the curb.
“South African by birth. He’s not eligible to run for President.”
He’ll buy South Africa and lobby to make it a US territory.
You mean confer ‘natural’ citizenship on him? She couldn’t because she wasn’t a man... only the father conferred citizenship of that sort, I believe until the law was changed in 1971. If he was born in Hawaii he was a native born citizen regardless, just not eligible as a natural born citizen to run for President. As I implied above, in the dearth of legal interest in this, arguments can be made in many directions because no one wants to deal with the thorny issues at the center of it.
To illustrate the difference. In 1961, if Obama was born to an American man of a foreign wife over seas, he would be a citizen of the US by natural right... if you reverse the gender, they wouldn’t have been born a citizen at that time. That is the law that was changed in the early 70s.
You might want to look up where Musk was born. And he doesn’t try to hide it.
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