Good point. I wonder why TF did twatter's BOD have such a quick change of heart? Did they know they were going to be sued into oblivion and would that even matter considering where their 'dark money' comes from?
Usually the BOD get special payoffs for assisting in the merger. A tender acquisition would cut them out. Also wouldn't be surprised if their acceptance has a few conditions or delaying tactics buried in the agreements.
Good point. I wonder why TF did twatter's BOD have such a quick change of heart? Did they know they were going to be sued into oblivion and would that even matter considering where their 'dark money' comes from?
Usually the BOD get special payoffs for assisting in the merger. A tender acquisition would cut them out. Also wouldn't be surprised if their acceptance has a few conditions or delaying tactics buried in the agreements.
Yes. Had they not capitulated they fail to upload their fiduciary duty to sock holders. That’s a big deal.