Re:Elon Musk makes $43B unsolicited bid to take Twitter private
by texasbigdata on Thursday April 14, 2022 @02:00PM
(#31030713)
If you read the SEC disclosure the "all cash offer" has a financing provision. Not risk less
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Re:Elon Musk makes $43B unsolicited bid to take Twitter private
by dkjaudyeqooe on Thursday April 14, 2022 @03:05PM
(#31031773)
The share price is at $45, which means the market is not seeing this as a serious offer.
Given a provision like that, you can see why (financing clauses are a convenient escape hatch when making big purchases).