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Yes, if he launches a tender the offer goes to the shareholders. He wouldn’t need to build a larger stake himself.
by xadhominemx 5y ago
Yes, if he launches a tender the offer goes to the shareholders. He wouldn’t need to build a larger stake himself.
- kpommerenke 5y agoA tender offer is a means of building a large stake, so the poison pill would still be active. Therefore, he will not launch a tender offer.
- lkfsfldkjfslk 5y agoI hesitate to speculate on what Musk will do specifically, but often in a poison pill situation a tender offer will be contingent on the removal of the poison pill. The point of the tender offer is not to buy the shares immediately, but to incentivize shareholders to put pressure on the board to remove the poison pill, then complete the tender offer it's removed.
- deleted 5y ago[deleted]
- xadhominemx 5y agoIncorrect.
- spikels 5y agoI don’t think this is correct.
- xadhominemx 5y agoIt is correct. That is how a tender offer works.