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Depends on the shareholder agreement and how the board fits into that. By default it would be something like - if the board approved it goes to a shareholder v
by cloutchaser 5y ago
Depends on the shareholder agreement and how the board fits into that.
By default it would be something like - if the board approved it goes to a shareholder vote, and if 75% or 90% of the shareholders approve the rest are dragged.
I doubt the board can force all shareholders to sell, that would be an insane power position for shareholders
- AlexandrB 5y agoThis is informative, thank you. I wonder what portion of Twitter investors are index fund companies like like Vanguard and "institutional investors" like pension funds that are unlikely to object. And obviously Elon himself is a ~10% shareholder. Seems likely that this would pass a vote easily.
- nonethewiser 5y ago78.4% search "Inst Own" https://finviz.com/quote.ashx?t=TWTR https://finviz.com/quote.ashx?t=TWTR That's actually crazy to think about... so besides Elon, only 11.6% of shares are privately held? Meaning Elon holds about half of all privately held shares? Unless somehow he is in the 78.4% but I don't think so.
- shagmin 5y agoHe might be in both brackets - 11.6% of shares held privately plus some fraction of that 78.4% by owning some broad index funds.