Re:Musk announces funding secured for Twitter buy
by w23j on Thursday April 21, 2022 @11:59AM
(#31111205)
The other shareholders don't need to have the money:
"Another, perhaps more practical provision of the pill says that the board can just exchange each right for one share of stock, for free, meaning in essence that the board can double everyone else’s number of shares of Twitter while holding Musk’s constant, without asking anyone to put in more money."
(From a recent Money Stuff.)
"Another, perhaps more practical provision of the pill says that the board can just exchange each right for one share of stock, for free, meaning in essence that the board can double everyone else’s number of shares of Twitter while holding Musk’s constant, without asking anyone to put in more money." (From a recent Money Stuff.)