But Twitter’s Board has its own plans
What a bizarre two weeks it has been. After buying 9% of the company, being offered a seat on the board, then declining it, Elon Musk now made an unsolicited offer to buy Twitter for $43 billion. Boy, did people freak out.
There are also questions about how he would finance such a deal… would be find others to partner with? Would it go on Tesla stock margin?
But, Twitter is now saying not so fast! Just today it’s filed with the SEC to change its shareholder rights plan to prevent that from happening. Now if ‘someone’ in the next year was to try and takeover the company they can flood the market with shares to make it much more difficult to purchase.