he's threatening to dump the stock and tank twitter's price, which is actually great news for the board in the sense that it gives them 100% legal cover for refusing the offer, i.e., refusing coercion
📰Billionaire Elon Musk offers to buy 100% of Twitter.
"My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder," Musk said.
I am so pleased to announce that my colleagues at @TulaneLaw have voted to grant me tenure.
I love this school, and its students, faculty, and staff. It's a special place.
Hey everyone. Some of you may have noticed that my paper, Capital Discrimination, has disappeared from SSRN. Well, funny story -
lawprofessors.typepad.com/business_law/2…
Tulane just announced all classes canceled until mid-September; online classes from mid-Sept until Oct; live classes resume in October. Students are being evacuated to Houston.
I am pleased to announce that as of today, I have been promoted to full Professor of Law at Tulane Law School.
I am so grateful to my colleagues for all of their support over the years.
(And, umm, to clarify - this isn't tenure; got that in 2021. Just the title change!)
"Mr. Musk has not helped the stock price by turning his bid to buy Twitter into a financial soap opera. His antics have reinforced the perception that Tesla lacks an independent board...that could stop him from doing things that might damage" Tesla's brand
To spin this out more: shareholders asked to vote or tender on this offer would be doing so under threat. Which the Board is legally entitled to protect against.
