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In hindsight, some kind of clause about the market valuation moving by X% might have been a good idea. Not sure how you would contract for that, but the actual
by benjaminwootton 4y ago
In hindsight, some kind of clause about the market valuation moving by X% might have been a good idea.
Not sure how you would contract for that, but the actual value of the asset has significantly declined.
- JumpCrisscross 4y ago> some kind of clause about the market valuation moving by X% might have been a good idea Collars are not uncommon in M&A agreements. Diligence clauses, far more common. Neither made it into the final agreements negotiated in this case. Hence the drama.
- benjaminwootton 4y agoNot sure if it’s Elons arrogance or bad lawyering but that seems extremely negligent. The “market” price of the asset could move for all manner of unanticipated reasons.