3 ms·
Because he bought it with the assumption that his offer would be accepted and he could improve the company. Rejecting his offer opens the door to a world in whi
by arbitrary_name 4y ago
Because he bought it with the assumption that his offer would be accepted and he could improve the company. Rejecting his offer opens the door to a world in which Twitter is worth less than what he paid for it: from both Musk's perspective, as well as that of others.
- phailhaus 4y agoBut if someone rejects your offer, that usually implies it's worth more, not less.
- LegitShady 4y agoIt depends on why the offer is rejected. You can say "we think its worth more than that" but if your stock is trading $30 down afterward your investors might have an interesting case about your fiduciary responsibility to them.