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Reply to "Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]done deal...the end of a platform experiment. It will be interesting to see here all the cool kids go now.[/quote] Not quite. The Board accepted the offer. Now it is up to Musk to convince a sufficient number of shareholders to sell.[/quote] So they are going to remove the poison pill and allow him to tender offer? [/quote] The poison pill was only relevant if Musk had acquired 15% or more on the open market. And then it still needed to be triggered by the board and shares issued. It's complicated. Right now, the Board has voted in favor of of the transaction. They will tell the shareholders that the offered price and structure is fair.[/quote]
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