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Honestly I feel its the exact opposite. Anyone whose ever purchased a home or business should rightfully have cringed at the ~35% premium Musk is paying, and do
by camdat 4y ago
Honestly I feel its the exact opposite. Anyone whose ever purchased a home or business should rightfully have cringed at the ~35% premium Musk is paying, and doubly so once he waved due diligence.
It seems like the people who are supporting this move assume Elon has some secret plan we're not privy too, but if so why would his actions be so erratic?
- sudosysgen 4y agoA 35% premium over market price for a public company isn't necessarily cringe worthy.
- BbzzbB 4y agoI'd call it ordinary. Microsoft offered (IIRC) like a 45% premium for Activision.
- TheCoelacanth 4y agoYes, the price that gets quoted for stocks is just the point that marginal shares are getting traded at. You have to pay slightly higher than that to acquire even a single share. If you actually want to acquire every single share, you always have to pay a significant premium.