Elon Musk is exploring more options for Twitter. He’s publically acquired $43 Billion backing for making a tender offer to a larger portion of stockholders. This may be a way around some of the other scary words like poison pill, and all… the equivalent of saying “look, I’ve got cash here, now can we deal?”. The drama has slowed down, but it’s not gone.
Earlier this month, Musk sent a letter to Twitter’s board that included an unsolicited nonbinding offer to acquire the social media company at $54.20 a share.
Found at www.barrons.com
