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A comment on Elon Musk makes $43B unsolicited bid to take Twitter private. Parent comment

Re:Elon Musk makes $43B unsolicited bid to take Twitter private by cloutchaser on Thursday April 14, 2022 @01:05PM (#31029818)
Depends on the shareholder agreement and how the board fits into that.

By default it would be something like - if the board approved it goes to a shareholder vote, and if 75% or 90% of the shareholders approve the rest are dragged.

I doubt the board can force all shareholders to sell, that would be an insane power position for shareholders

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Re:Elon Musk makes $43B unsolicited bid to take Twitter private by AlexandrB on Thursday April 14, 2022 @01:33PM (#31030282)
This is informative, thank you. I wonder what portion of Twitter investors are index fund companies like like Vanguard and "institutional investors" like pension funds that are unlikely to object. And obviously Elon himself is a ~10% shareholder. Seems likely that this would pass a vote easily.
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Re:Elon Musk makes $43B unsolicited bid to take Twitter private by nonethewiser on Thursday April 14, 2022 @03:40PM (#31032259)
78.4%

search "Inst Own" https://finviz.com/quote.ashx?t=TWTR

That's actually crazy to think about... so besides Elon, only 11.6% of shares are privately held? Meaning Elon holds about half of all privately held shares? Unless somehow he is in the 78.4% but I don't think so.

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Re:Elon Musk makes $43B unsolicited bid to take Twitter private by shagmin on Thursday April 14, 2022 @06:45PM (#31034369)
He might be in both brackets - 11.6% of shares held privately plus some fraction of that 78.4% by owning some broad index funds.
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