Re:Notice of termination of Twitter merger agreement
by roflyear on Saturday July 09, 2022 @01:24AM
(#32032025)
Where are you guys getting this number from? Similar cases have settled for almost the full original amount. Like 95%+. Not half or less than half. Are you just making stuff up?
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Re:Notice of termination of Twitter merger agreement
by cookingrobot on Saturday July 09, 2022 @04:06AM
(#32032976)
They’re saying that if everyone just did what they agreed to do:
- Musk would give Twitter shareholders $44B in cash,
- Twitter shareholders would give Musk ownership of the company.
Note that today, Twitter is worth $28B. So the agreed deal essentially gives the shareholders $16B in profit.
So a judge might tell Musk he can’t back out and has to buy Twitter for $44B like he said he would. Or it might let him just give the shareholders $16B and not get the company.
Re:Notice of termination of Twitter merger agreement
by roflyear on Saturday July 09, 2022 @11:26AM
(#32035917)
When has the second instance ever happened and what's the mechanism for that? Every shareholder gets a check?