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I think it was subject to the buying syndicate's approval. For example, my reading was that the Saudi investors put up additional cash before the sale knowing t
by jjeaff 4y ago
I think it was subject to the buying syndicate's approval. For example, my reading was that the Saudi investors put up additional cash before the sale knowing that they would be getting a payout of a similar value when the buyout went through.
- SilasX 4y agoRight I figured it would have to get authorized by the buyer group. (But on that note … why?? If Musk thought he was overpaying, to the point he even tried to back out, wouldn’t you want as many suckers as possible to remain shareholders? Each share is $54.20 you don’t have to come up with.)
- jjeaff 4y agoToo small and it's not worth the paperwork. Plus, you run into regulatory problems once you exceed 500 investors or so.