Some intelligent analysts are about to be very wrong. Today, Elon Musk made a formal offer to purchase Twitter at $54.20 per share or at a 38% premium over the closing price of common stock on April 1st. If Twitter were a normal company, such a premium would likely be sufficient to induce a takeover, which is why people like Dan Ives see this as a now or never, sell or find another buyer situation.
I tend to agree. It almost seems like a publicity stunt. The Left never let’s go of their institutions once they bury their claws in. That doesn’t mean it’s actually worth more than what musk is will to pay though.
"If the board rejects the offer, the institutional groups better get their checkbooks ready because they are the deep pockets to sue. One of the largest shareholder class action lawsuits awaits Twitter, the board, Blackrock, State Street, Vanguard if it goes that way - ar least for a company with such little market capitalization. The securities lawyers must be salivating."
If Elon’s offer is more gesture than business plan, is his purpose something like anti-woke virtue signaling? What does he gain? He’s a master of timing; how does this relate to upcoming Musk launches?
Maybe you're right, but rejecting Musk's offer would help expose BlackRock etc. as asset mis-managers.
I tend to agree. It almost seems like a publicity stunt. The Left never let’s go of their institutions once they bury their claws in. That doesn’t mean it’s actually worth more than what musk is will to pay though.
Per NCMom on Greenwald's Substack:
"If the board rejects the offer, the institutional groups better get their checkbooks ready because they are the deep pockets to sue. One of the largest shareholder class action lawsuits awaits Twitter, the board, Blackrock, State Street, Vanguard if it goes that way - ar least for a company with such little market capitalization. The securities lawyers must be salivating."
You see no danger of lawsuits?
I don’t think it will happen either. But Elon could sell his shares and make a killing and start his own?
Vanguard and Blackrock are invested with their index etfs.
Also the connections of Twitter into the security state. I doubt they'll approve either.
If Elon’s offer is more gesture than business plan, is his purpose something like anti-woke virtue signaling? What does he gain? He’s a master of timing; how does this relate to upcoming Musk launches?
As usual, Jestre, you’re absolutely incisive on this.