Elon Musk tendered an offer based on the representations of the company by their Directors and Executive were correct. They agreed to the terms presented by Musk and now they are engaged in good faith negotiations to finalize the transaction. We now know that Twitter’s representations were not correct and they knew it.
My guess is that Musk knew this at the outset and he set a trap that the Twitter leadership could not avoid. He holds all of the cards and he has options. He can walk away from the deal, which will destroy the company, or he can sign the deal under a renegotiation agreement that will reduce the purchase price that more closely aligns with the real value of this company. The Directors and the Officers of the company will be in serious legal jeopardy and may end up as defendants in a criminal court.
Post of the Thread. EXACTLY.
I was going to reply to this thread, but what you said in Post 36 states and expands on my thoughts way more elegantly and thoroughly than what I was going to say.
Thank you, FReepers, for explaining the issues in this complex case. Wonderful commentary.