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A comment on Notice of termination of Twitter merger agreement. Parent comment

Re:Notice of termination of Twitter merger agreement by elliekelly on Friday July 08, 2022 @06:22PM (#32028324)
I think it’s far more likely he’d be on the hook for damages. It would be unusual for a judge to force a sale to a now unwilling buyer. Everyone—Twitter, Twitter shareholders, Musk—would be worse off with that result.
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Re:Notice of termination of Twitter merger agreement by quickthrowman on Friday July 08, 2022 @06:59PM (#32028876)
Twitter shareholders would be worse off.. how? $54.20 is 55% higher than the current after-hours TWTR share price of $35
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Re:Notice of termination of Twitter merger agreement by danielmarkbruce on Friday July 08, 2022 @08:52PM (#32030164)
They can still get cash. Lots and lots of cash.
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Re:Notice of termination of Twitter merger agreement by quickthrowman on Saturday July 09, 2022 @02:09PM (#32037767)
I suppose shareholders wouldn’t mind a special dividend from lawsuit proceeds that captured a good portion of the spread between FMV and $54.20, especially if they get to keep their equity.
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Re:Notice of termination of Twitter merger agreement by danielmarkbruce on Saturday July 09, 2022 @02:17PM (#32037859)
Yep, and I'd guess that's the most likely outcome.
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Re:Notice of termination of Twitter merger agreement by ImPostingOnHN on Friday July 08, 2022 @06:55PM (#32028817)
twitter share price is currently lower than what he bid, so twitter shareholders would be materially better off
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