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The shareholders voted for it. The board effectively had to comply.

• tptacek 4y ago
  Not really, at least not within a reasonable amount of time to close the deal. Lots of Levine about how Musk couldn't really force the deal with a tender offer, right? But, I mean, the board did the right thing; their obligation is to the shareholders, and the price Musk offered was absurdly high.
  • deleted 4y ago
    [deleted]
  • kasey_junk 4y ago
    Once the vote happened I’m not sure the board could have stopped the deal without being sued forever. Rightly so, because it was such a high offer.