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Well stated. I was a little — OK, very — surprised to read the tone of this filing. You don’t get to pretend to terminate a binding acquisition on a pretext, de
by nocoiner 4y ago
Well stated. I was a little — OK, very — surprised to read the tone of this filing. You don’t get to pretend to terminate a binding acquisition on a pretext, destroy evidence and skip depositions and then act like you’re the aggrieved party. While I continue to think that the most likely outcome (by far) is that Musk complies with a he obligations that he agreed to in the merger agreement, and is thus unlikely to be further damaged by continuing to act like an asshole (as he has in this filing), I have to think that this is a mis-step, or at least doesn’t do him any favors.
Also, it’s going to take three weeks for the banks to fund the committed financing? That’s absurd. They should have been prepared for this as soon as the Twitter shareholders voted to approve the deal. Yet another indication that Musk really thought he could get out of closing this transaction, and his behavior since signing the agreement wasn’t ackshually fifth-dimensional business acumen to win a reduction in purchase price.