The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.— Bret Taylor (@btaylor) July 8, 2022
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Stuid lib run company can't make up its mind.
This will hinge on whether or not the MAC clause was indeed triggered.
Also, if Twitter is in violation of SOX, the CFO and others are in serious trouble.
Delaware Huh?
They want Dementia Joe’s court.
From the board’s point of view suspect the overriding ideology is money. Musk’s offer is way above current share price.