3 ms·
Shareholders were being offered a very nice premium on the stock price, so Twitter upper management would have been awash in shareholder lawsuits if they'd reje
by shrikant 4y ago
Shareholders were being offered a very nice premium on the stock price, so Twitter upper management would have been awash in shareholder lawsuits if they'd rejected the deal.
Essentially, the Twitter board was snookered once Musk made a serious offer.
- trap_goes_hot 4y agoI'm curious if this (lawsuits) has happened before.
- vasco 4y agohttps://www.google.com/search?q=shareholder+lawsuit+buyout+rejection https://www.google.com/search?q=shareholder+lawsuit+buyout+r...
- blitzar 4y agoEssentially, the Twitter board was snookered once Musk made a serious offer and the market tanked making the premium >100%.
- trap_goes_hot 4y agoI'm curious to see if such lawsuits have succeeded in the past - in similar situations.