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?
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
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?
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