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Why is it in the best interest of the shareholders for Musk to back off? He is offering almost double the target price of $30 set by the largest shareholder, G
by sudden_dystopia 5y ago
Why is it in the best interest of the shareholders for Musk to back off? He is offering almost double the target price of $30 set by the largest shareholder, Goldman. Goldman thinks company is worth $30 but rejected $55. That’s the opposite of shareholder interest. This only protects them from the actual take over, it’s a desperation move.
- ceejayoz 5y agoTarget prices are short-ish term; 12 months. Goldman could hold the position that the company's current performance justifies $30, but that $55 doesn't fairly reflect the longer-term potential in the business. (It's also different sections of Goldman, with firewalls and different goals between them.)