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Isn't the board of directors legally responsible for obtaining the best financial result for shareholders? If someone makes an above-market-value offer for the
by evanelias 4y ago
Isn't the board of directors legally responsible for obtaining the best financial result for shareholders? If someone makes an above-market-value offer for the company, I doubt they can just say "no" without severe consequences and lawsuits.
On top of that, GOP members of congress were threatening an investigation if they turned down the offer: https://www.cnbc.com/2022/04/22/republicans-demand-twitter-board-save-records-on-musks-bid.html https://www.cnbc.com/2022/04/22/republicans-demand-twitter-b...
- deleted 4y ago[deleted]