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I hope everyone has been following along with Matt Levine's excellent newsletter: https://www.bloomberg.com/opinion/articles/2022-04-20/elon-checks-his-pockets
by legitster 5y ago
I hope everyone has been following along with Matt Levine's excellent newsletter: https://www.bloomberg.com/opinion/articles/2022-04-20/elon-checks-his-pockets https://www.bloomberg.com/opinion/articles/2022-04-20/elon-c...
> This leaves Musk two main options. One is to negotiate with Twitter’s board and try to strike a friendly deal. This might be hard because the board probably wants more money than Musk is willing to pay, and also because there seem to be strategic and personal disagreements between Musk and the board that might make friendly negotiations difficult. “I am not playing the back-and-forth game,” Musk said in his initial proposal; “I have moved straight to the end.” That’s an annoying way to start negotiations.
> His other option is to pressure the board into dropping the pill, and the classic way to do that is with a tender offer plus a proxy fight
>I guess Musk has a third option, which is to do nothing and tweet mean things about Twitter’s board. Honestly a totally respectable option; $40 billion is a lot of money, owning Twitter seems exhausting, and Musk does have several other full-time jobs. A fourth option would be “buy a lot of stock, trigger the poison pill, and unleash absolute mayhem,” which is not totally impossible given that it is Elon Musk.