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Someone fill me in here: TWTR is a NYSE traded stock. What, hypothetically, would prevent someone from just paying the market price for whatever percent of Twi
by topspin 5y ago
Someone fill me in here: TWTR is a NYSE traded stock. What, hypothetically, would prevent someone from just paying the market price for whatever percent of Twitter's stock they care to buy, such that they would have to agree to these terms?
- ChadNauseam 5y agoAbsolutely nothing, although when management is opposed to the takeover they have techniques to make it very costly for the attacker. In this case, the requirements are conditions for a seat on the board – if Elon wanted, he could resign and buy as much stock as he pleases.
- saulpw 5y agohttps://en.wikipedia.org/wiki/Takeover#Hostile https://en.wikipedia.org/wiki/Takeover#Hostile