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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 JumpCrisscross on Saturday July 09, 2022 @05:32AM (#32033389)
> Wouldn't that qualify as material adverse effect?

Probably not. There has been one MAC finding in the history of MACs. It was a trifecta of fraud, management throwing in the towel the moment the merger was agreed and a massive revenue drop.

Musk’s only hope is to get his banks to pull financing. That’s going to be tough.

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Re:Notice of termination of Twitter merger agreement by jakelazaroff on Saturday July 09, 2022 @08:53AM (#32034615)
Would that even work, though? It’s not like he can’t afford it; his money is just tied up in TSLA. Presumably the court can force him to liquidate his shares if his lenders somehow back out.
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Re:Notice of termination of Twitter merger agreement by HWR_14 on Saturday July 09, 2022 @11:10AM (#32035760)
No, I the two conditions other than a materially adverse effect that lets Musk back out are if his debt financing falls through or if the government stops it.
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