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You do realize that if they didn't accept the offer, C-suite would be pursued by shareholder lawsuit holding them liable for lost valuation?
by r00fus 4y ago
You do realize that if they didn't accept the offer, C-suite would be pursued by shareholder lawsuit holding them liable for lost valuation?
- trap_goes_hot 4y agoMaybe someone who is an expert can comment on this. It seems the board tried to block it at first. 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... 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."