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I think it’s far more likely he’d be on the hook for damages. It would be unusual for a judge to force a sale to a now unwilling buyer. Everyone—Twitter, Twitte
by elliekelly 4y ago
I think it’s far more likely he’d be on the hook for damages. It would be unusual for a judge to force a sale to a now unwilling buyer. Everyone—Twitter, Twitter shareholders, Musk—would be worse off with that result.
- ImPostingOnHN 4y agotwitter share price is currently lower than what he bid, so twitter shareholders would be materially better off
- quickthrowman 4y agoTwitter shareholders would be worse off.. how? $54.20 is 55% higher than the current after-hours TWTR share price of $35
- danielmarkbruce 4y agoThey can still get cash. Lots and lots of cash.
- quickthrowman 4y agoI suppose shareholders wouldn’t mind a special dividend from lawsuit proceeds that captured a good portion of the spread between FMV and $54.20, especially if they get to keep their equity.
- danielmarkbruce 4y agoYep, and I'd guess that's the most likely outcome.