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>As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premiu
by Tenoke 5y ago
>As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.
This seems like he's mostly trolling them or looking for an excuse to sell. The chances they accept and he can get 100% seem low, this is a one-time offer with something of an ultimatum, and it seems a bit unlikely he wants to share that much Tesla to get the money in the first place.
- rosndo 5y agoThat’s not how any of this works.
- aliswe 5y agoExcuse to sell? by doing this and then selling though would dump the stock price. Why not just simply sell?
- Tenoke 5y agoBecause then he'd have created less pandemonium AND looked even worse (especially with the late filling).
- peeters 5y agoPrivate takeovers usually assume a premium share price. The more credible a buyout offer is, the closer the stock price will rise to the offered price. It's exactly what got Musk in trouble for tweeting about taking Tesla private in 2018.
- asdfaoeu 5y agoHe only needs a majority of the shareholders to agree.