- Joined
- Sep 22, 2018
- Messages
- 42,740
- Location
- Moonbase Caligula
- SL Rez
- 2008
- Joined SLU
- 2009
- SLU Posts
- 55565
Meanwhile, back on the Twitter...
Twitter Board Says It Plans to Enforce Musk Merger Agreement
Twitter Board Says It Plans to Enforce Musk Merger Agreement
Elon, dude. You may be getting a huge case of buyer's remorse, but this is not a situation where you can call your credit card and cancel a purchase. You're dealing with STOCK HOLDERS.Twitter Inc.’s board said it plans to enforce its $44 billion agreement to be bought by Elon Musk, saying the transaction is in the best interest of all shareholders.
“We intend to close the transaction and enforce the merger agreement,” the board said Tuesday in a statement to Bloomberg News. Directors voted earlier to unanimously recommended that shareholders approve Musk’s $54.20-a-share offer.
The proposed takeover includes a $1 billion breakup fee for each party, which Musk will have to pay if the deal falls apart due to financing issues. But Musk can’t just walk away by paying the charge.


















