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You don’t purport to terminate a merger agreement (three times, no less!) if you are merely trying to re-cut the price. Even if this had been a negotiating plo
by nocoiner 4y ago
You don’t purport to terminate a merger agreement (three times, no less!) if you are merely trying to re-cut the price.
Even if this had been a negotiating ploy, Musk (through his extreme bad faith, including apparent destruction of evidence) put Twitter’s board in a box where they couldn’t possibly accept a lower price without exposing themselves to substantial personal legal exposure. He already agreed to buy the company at $44 billion, after all. There was no reason for them to return to the table, and many, many reasons for them not to.