Re:Notice of termination of Twitter merger agreement
by voisin on Saturday July 09, 2022 @12:49AM
(#32031815)
Specific performance would apply to Musk as purchaser, not hypothetical lenders that aren’t party to the agreement. If he can’t find debt, then he would presumably have to liquidate more Tesla stock to pay the full price.
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Re:Notice of termination of Twitter merger agreement
by colinmhayes on Saturday July 09, 2022 @01:26AM
(#32032037)
He's already found the debt. His banks agreed to margin and twitter leveraged loans before the deal was even signed.
Re:Notice of termination of Twitter merger agreement
by hef19898 on Saturday July 09, 2022 @04:24AM
(#32033071)
So if Twitter wins Musk has to go through with his margin loans on Tesla stock. Ehich, at the current state of things, exposes to quite some risk of loosing tge ability to back up the loans with Tesla stock if share prices drop under a certain level. Maybe he just realized that risk and that's why he wants out.