4 ms·
The board may not have a backbone, but their legal team has blood in the water for a multi-billion dollar settlement. I don't see how this doesn't end with year
by legitster 4y ago
The board may not have a backbone, but their legal team has blood in the water for a multi-billion dollar settlement. I don't see how this doesn't end with years of expensive litigation (barring a new agreement).
- SilasX 4y agoYeah, the updated link content says they plan to sue to enforce the original buyout terms: >>"Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement," the company said in a statement. >>"We believe this agreement is in the best interest of all shareholders," it added. "We intend to close the transaction and enforce the merger agreement at the agreed price and terms."
- TheCoelacanth 4y agoThere is no way Twitter can possibly back down unless they get a huge settlement from Musk or unless the share price goes way up. If they let him walk away, they would get sued by their own shareholders for losing them a ton of money.