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The pill was put in place to prevent a hostile takeover, not to prevent any sale. Twitter accepting the offer does not constitute a 180.
by agency 4y ago
The pill was put in place to prevent a hostile takeover, not to prevent any sale. Twitter accepting the offer does not constitute a 180.
- hammock 4y agoA week ago, the Twitter board rejected Musk’s offer to buy Twitter for $54.20 a share. Today, the board accepted Musk’s offer to buy Twitter for $54.20 a share. What is that if not a 180?
- agency 4y agoLast week’s offer was a non-binding proposal (from someone with a track record of saying “funding secured” for going private transactions that were not in fact secured). The pill forced Elon to come back with a real offer that disclosed specifics about the financing. It may be the same price but it’s not the same offer as last week.
- zwily 4y agoThey never officially rejected it.