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Not selling the at the price he offered would have been massively violating their fiduciary duty. Twitter stock would probably be worth like $20-30 given the cu
by WoahNoun 4y ago
Not selling the at the price he offered would have been massively violating their fiduciary duty. Twitter stock would probably be worth like $20-30 given the current market versus the $54 offered.
- trap_goes_hot 4y agoThere is a lot of confusion with people offering their own opinions. https://www.pbs.org/newshour/economy/twitter-board-of-directors-adopt-poison-pill-defense-against-musk-takeover-bid https://www.pbs.org/newshour/economy/twitter-board-of-direct... It seems the board tried to block it at first. Also - "A Saudi prince who is among Twitter’s major shareholders scoffed at Musk’s offer in a Thursday tweet. Al Waleed bin Talal said he would reject Musk’s overtures because he didn’t believe $43 billion “comes close to the intrinsic value of Twitter, given its growth prospects."
- WoahNoun 4y agoThat has nothing to do with the contract Musk actually signed.