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If it goes to let's say $60, wouldn't that open up the potential for lawsuits for people getting less than the value per share?

• SilverBirch 4y ago
  It would be practically impossible to drive the price up to 60 dollars. The only way you can do that is credibly prove you're willing to buy the entirety of Twitter for more than $54.20 per share, because if you do anything less than successfully buy a controlling stake, and force the board to renege on the deal (which they legally might not be able to do, but Elon might be happy to allow to happen), then whatever share you bought would then be sold to Elon for $54.20 due to the already agreed legally binding contract.
  • encryptluks2 4y ago
    Okay, so the market price doesn't have a lot to do with the price per share?
    • SilverBirch 4y ago
      Well the point is that there is a binding contract that Elon Musk will take ownership of Twitter paying 54.20 per share. That's been agreed and approved by everyone. So you can come into the market today and pay $54.21 per share if you want - people will be willing to sell you their shares for that amount, since they know that there's already a binding contract for Musk to buy at $54.20. So if you buy at 54.21 you will take a loss of 1 cent per share when the deal closes. Theoretically everyone will be willing to sell to you for $54.21 since they know there's a legally binding contract that these shares are going to be sold for 54.20 soon. So you would have to buy up a ridiculous amount of shares to push the value beyond that.