Posted on 06/21/2022 8:08:07 AM PDT by Red Badger
The Twitter Board “unanimously” recommended shareholders vote to approve billionaire Elon Musk’s takeover of the company.
The company said in a Securities and Exchange Commission filing on Tuesday, “Twitter’s Board of Directors, after considering the factors more fully described in the enclosed proxy statement, unanimously: (1) determined that the merger agreement is advisable and the merger and the other transactions contemplated by the merger agreement are fair to, advisable and in the best interests of Twitter and its stockholders.”
It continues, “And (2) adopted and approved the merger agreement, the merger and the other transactions contemplated by the merger agreement.”
Musk is seeking to take over the company for $44 billion.
Still, while speaking at an event hosted by Bloomberg on Tuesday, Musk said there were a number of “unresolved matters” that will need to be resolved before he can move ahead.
One of the issues he said was fake accounts.
“We’re still awaiting a resolution on that matter, and that is a very significant matter,” Musk explained.
Another issue is the portion of debt required to finance the transaction.
Finally, Musk’s final obstacle is approval from the company’s shareholders.
“Will the debt portion of the round come together? And then will the shareholders vote in favor?” Musk said.
And what was their Plan B?
So that is Twitter’s side of the story. What is Musk’s side of the story?
Seems to be quiet about the number of fake twitter accounts.
This is their Plan B. Plan A was a poison pill stock dilution scheme that didn't go through.
Now the plan is to get the full original offer price before the duplicate and bot accounts lower the actual daily traffic, and lower the value of Twitter.
Take off and nuke it from orbit.
Is that normal?
If Musk takes over will there be Twitter Shock ? LOL
There may be mass resignations...........hopefully................
I think so, if approved it’s a done deal.....................
The board will now not comply with the Musk request for info on fake posters and will sue for breach when Musk forces the sale price down
Musk is considering pulling out over material fraud, regarding fake accounts.
If he does, then Twitter’s stock price goes in the sewer, and Musk can make another offer for half the price.
LOL. The year after the takeover are going to make for entertaining reading as the Twitter radical libs lose their s___t over Musk’s new policies and as he fires them for their “protests” and “open letters” etc.
“There may be mass resignations..”
Most of those jobs are snooping in the personal data they receive from the tweeters.
If Elon follows thru with the buyout, the price will double in no time.................
The snowflakes are m e l t i n g ..!
I’ll cheerfully be voting my 12 shares in favor… especially cheerfully if he’s still willing to pay the offer price
Is Musk still on board with buying Twitter?
The question is still hanging out there about all the fake box and accounts. That has yet to be resolved
so now they want it over and done with, before the ghost account totals come out...
AFAIK......................
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.