Posted on 06/21/2022 9:34:02 AM PDT by JV3MRC
Twitter’s Board of Directors told the platform's shareholders to accept the world’s richest man’s $44 billion takeover deal, according to a new government filing.
The filing specifically told shareholders that it “unanimously recommends that you vote” for “the adoption of the merger agreement” with Tesla CEO Elon Musk. Musk reportedly “listed the approval of the deal by shareholders as one of several ‘unresolved matters’ related to the Twitter deal” during an interview at the Qatar Economic Forum. The document also stated that the board "unanimously" agreed that "the merger agreement is advisable and the merger and the other transactions contemplated by the merger agreement are fair to, advisable and in the best interests of Twitter and its stockholders; and (2) adopted and approved the merger agreement, the merger and the other transactions contemplated by the merger agreement."
(Excerpt) Read more at newsbusters.org ...
No, as long as what Twitter has disclosed is reasonably accurate, Musk cannot walk away. That’s why his net worth is plummeting. Couldn’t happen to a nicer guy.
This is as much as Twitter will ever be worth until Elon restructures. If he doesnt want to just set it on fire and have s’mores.
RE: MUSK WIN
I think he overpaid for what Twitter is worth.
Twitter caved and is allowing Musk access to the “Firehose” which is the full stream of Twitter activity in real-time.
How’s your net worth doing?
<5% bots and duplicate accounts isn’t accurate.
I think it’s a deceptive ploy by twit; This is like asking to see the car and you get handed 10,000 parts and then told to figure it out
You always have to pay a premium over current market price to take a public company private.
Usually, executives take a company private when they think it is drastically undervalued by the market.
As for Musk, it seems he just wants to control the twitterverse he enjoys existing in. Like buying a Rolls Royce for regular rich people.
If you meet up with Mr. Musk, let him know that he can buy my house for $44 million.
Even with his bid still there, the market price today is 1/3 off of the price he’s supposed to buy the thing at. Yes, he overpaid by a lot. ROFL
There’s not even a small chance Twatter’s bot numbers were reasonably accurate.
Experts are saying there is zero chance this sale will go through as thing are right now.
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