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Given that the SEC likely has a bone to pick with Elon for his other stunts, I wonder if they'd step in under their authority to make sure he doesn't get away w
by thebradbain 4y ago
Given that the SEC likely has a bone to pick with Elon for his other stunts, I wonder if they'd step in under their authority to make sure he doesn't get away with just a slap on the wrist. Not so much forcing him to go through with the sale, but use their soft power to ensure he pays the breakup fee.
At this point the deal is as much politics (not left/right, but posturing between powerful institutions and individuals) as business, so anything could happen.
- Majromax 4y agoThe SEC has little to do with the legal merger agreement. That will be executed (or not) under Delaware corporate law.