No business guru here.
I think this would be classified as a hostile takeover.
Twitter’s Board has to consider the offer as they have a fiduciary responsibility to the shareholders.
The incentive to allow Musk to takeover is a 38% premium over the trading value of the stock as of yesterday.
If Musk succeeds, Twitter would no longer be a public company.
It would become a private company.
The wailing and gnashing of teeth by the libs will be epic over this.
Twitter employees gonna be calling out a whole week after this one— Jack Posobiec 🇺🇸 (@JackPosobiec) April 14, 2022
Good morning, exit!
Well that was pretty informative, for a non-guru!
Thanks, exit. It will be fun to watch! If this results in wailing and teeth gnashing for the libs, I’ll hope Musk wins!