2daMoon
Mostly Harmless
Am I presuming wrong that all takeovers of publically traded companies involve a tender offer ?
Is the point here that Musk offered a stock price premium that was juicy enough to entice adequate current stockholder value ?
That would explain the capitulation, but not the outcome of the poison pill. It was said above that Musk avoided triggering the poison pill by having co-investors. Is that correct ?
I thought he avoided the Poison Pill by having the Twitter Board accept his offer.
He also could have avoided it via a tender offer directly to shareholders. (Plan B?)
And, by not purchasing more than 15% of shares (Poison Pill trigger) while holding out until the board capitulated.