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Okay, so the market price doesn't have a lot to do with the price per share?
by encryptluks2 4y ago
Okay, so the market price doesn't have a lot to do with the price per share?
- SilverBirch 4y agoWell 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.