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Ummm. Sure. But if you cared about your baby, maybe you wouldn't pass it off to the guy desperately trying to get out of the deal? Twitter's board absolutely h
by legitster 4y ago
Ummm. Sure. But if you cared about your baby, maybe you wouldn't pass it off to the guy desperately trying to get out of the deal?
Twitter's board absolutely had the right to sue for specific performance, but they didn't have to.
- amitamit 4y agoNot really. The Board has a fiduciary responsibility to the shareholders. They can say NO to a "serious offer" only if they can claim with confidence that the offer is undervaluing the assets, or if there is another better offer. Neither was true for Twitter.