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Most views I've heard are that it is quite impossible to force someone to buy a company, but rather there will be settlement to exit the deal.
by twoslide 4y ago
Most views I've heard are that it is quite impossible to force someone to buy a company, but rather there will be settlement to exit the deal.
- thomassmith65 4y agoMusk already bought the company. The issue is whether Twitter can force him to pay.
- dragonwriter 4y ago> Musk already bought the company. No, he didn't. If he did, the company wouldn't be suing him, since he would control it.
- aidanlister 4y agoI think you’d correctly say he bought the company but has not settled, so he does not yet own the company.
- rchaud 4y agoa distinction without a difference, he doesn't own anything beyond the board seat that his equity holdings afford him.
- rchaud 4y agoa distinction without a difference, he doesn't own anything beyond the board seat that his equity holdings afford him. Vanguard owns more of Twitter than he does.
- dragonwriter 4y ago> Most views I've heard are that it is quite impossible to force someone to buy a company Those views are simply ignorant; there are plenty of cases of the Delaware Court of Chancery ordering specific performance on merger deals. It is nothing even loosely similar to “quite impossible”.
- zimpenfish 4y agoIndeed, Matt Levine covered one just yesterday[1] that seems to follow pretty much the same path the Twitter one is going... [1] https://newsletterhunt.com/emails/21761 https://newsletterhunt.com/emails/21761