Quote:
Originally Posted by DaFace
I certainly don't have a great feel for everything that goes into such a decision, but I have to imagine that someone who says, "I'm buying you out, but I'm immediately going to completely shut down the entire thing" would be told to go pound sand. Elon's not that extreme, but it seems pretty clear he's doing this because he wants to change some of the fundamental philosophies of Twitter. I'm just not sure how the board will handle it.
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54/share vs corporate raid I believe I’d have the conversation.
The boards fiduciary responsibility is to maximize returns for the shareholder, remember.
I’m guessing Musk knew it wouldn’t work but he was trying to shortcut the process of buying more shares to get a seat to force a sale.
My guess.