MUSK HOSTILE TAKEOVER OFFER FOR TWITTER
Elon offers to buy Twitter
Alex Berenson
$54 a share, which is roughly a 50% premium to the price before the initial announcement of his share purchase.
Jeff Childers
BREAKING: Elon Musk just offered to buy Twitter outright for $47 billion dollars. The mercurial genius wants to take the company private, and made a legal bid last night to buy ALL of Twitter, outright, for $54.20 per share. In a published note to Twitter’s CEO, Musk explained, “since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash.”
Twitter’s stock jumped 12% in pre-market trading. Twitter’s managers have a fiduciary duty to shareholders. Musk is a transformative figure. He transformed electric cars and auto manufacturing. He transformed space flight, making private access to space possible. He could transform Twitter.
Get ready for the pro-lockdowners to start losing their mask-loving minds. This is going to be epic.
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