Not here to doom, but this notion that “denying the offer is indisputably against the interest of the shareholders” is short sighted. It would be very easy to make the case that the this sort of turnover in the company could tank the stock against the best interests of the shareholders. Could be, could not be, do we really think the SEC would do anything?
I think Twitter's board needs to prove to the shareholders how it's not in their interest to be paid out above the current price, the SEC has nothing to do with their decision.
if he buys the company he is buying the whole thing, all stock included
the only argument they could make is that twitters is currently undervalued, they could also have people like vanguard buy up a load of stock to drive the price up(vanguard are now the biggest shareholder)
musk wins either way though, if they push the price up musk can sell his stock at a large profit
I see it the same way. I feel like it wouldn't take much to convince a corrupt judge that denying musk was for the long term benefit of the shareholders, especially if big name "shareholders" are against him publicly
I'd love to be wrong about this please someone correct me if im being retarded!!
Not here to doom, but this notion that “denying the offer is indisputably against the interest of the shareholders” is short sighted. It would be very easy to make the case that the this sort of turnover in the company could tank the stock against the best interests of the shareholders. Could be, could not be, do we really think the SEC would do anything?
I think Twitter's board needs to prove to the shareholders how it's not in their interest to be paid out above the current price, the SEC has nothing to do with their decision.
if he buys the company he is buying the whole thing, all stock included
the only argument they could make is that twitters is currently undervalued, they could also have people like vanguard buy up a load of stock to drive the price up(vanguard are now the biggest shareholder)
musk wins either way though, if they push the price up musk can sell his stock at a large profit
I see it the same way. I feel like it wouldn't take much to convince a corrupt judge that denying musk was for the long term benefit of the shareholders, especially if big name "shareholders" are against him publicly
I'd love to be wrong about this please someone correct me if im being retarded!!