3 ms·

Any initial offer is going to be non-binding. This is standard.

• mathlover2 5y ago
  IIRC he claimed that this was his only offer and that he would sell if it was refused.
  • mathlover2 5y ago
    > Mr. Musk called the bid his “best and final offer,” adding that if his proposal isn’t accepted “I would need to reconsider my position as a shareholder.” Mr. Musk earlier this year built a position of more than 9% in Twitter. Source: https://www.wsj.com/articles/elon-musk-offers-to-buy-rest-of-twitter-for-54-20-a-share-11649932296?mod=djemalertNEWS https://www.wsj.com/articles/elon-musk-offers-to-buy-rest-of...
  • dheera 5y ago
    He could sell it for higher? People would probably buy the shares at higher price if they knew it came from Elon.
    • jonovate 5y ago
      No, that's not how it works :).
      • lupire 5y ago
        That is how Elon fandom works. He could sell paper shares at a premium.
• RC_ITR 5y ago
  Yeah and any initial offer is worth the paper it’s printed on. That is not the mainstream understanding of this “offer” though and that’s the point I’m trying to make.