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A 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.
by kpommerenke 4y ago
A 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 4y 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 4y ago[deleted]
- xadhominemx 4y agoIncorrect.