Notice of termination of Twitter merger agreement

Re:Notice of termination of Twitter merger agreement by amluto on Friday July 08, 2022 @11:05PM (#32031142)

I’m not a lawyer, and I suspect this gets into old and bizarre traditions of equity.

But the damages for failure to perform may conceptually straightforward: the difference between TWTR’s market cap and the deal price * number of outstanding shares. Which is over $10bn.

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Re:Notice of termination of Twitter merger agreement by gene91 on Friday July 08, 2022 @11:45PM (#32031402)

But TWTR’s market cap is and will be influenced by Musk’s series of actions and announcements. Both parties would have to come up with a hypothetical number for how much TWTR is worth if Musk walks away without paying anything, and there’s no way their estimates would come close.

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Re:Notice of termination of Twitter merger agreement by carnitine on Saturday July 09, 2022 @05:19AM (#32033317)

That’s Musk’s fault. The market cap will be calculated the way it would in any other scenario. You’ve just made up some weird rule that doesn’t exist.

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