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gitfan86
on April 14, 2022
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Elon Musk makes $43B unsolicited bid to take Twitt...
The only way they can reject this offer is if they have proof that a bigger offer is incoming.
If they reject and the stock goes down to $20, there will be lawsuits.
colinmhayes
on April 14, 2022
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Lawsuits from who? The shareholders are the ones who are voting here.
zwily
on April 14, 2022
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Lawsuits by the shareholders suing the board for not accepting the offer. Happens all the time.
Tepix
on April 14, 2022
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It's not for the board to decide if they accept the offer. It's the shareholder's decision.
zwily
on April 14, 2022
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Ultimately that's the case. But the board may decide to reject the offer without doing a shareholder vote. (That's probably what they will do). That's when the shareholders sue.
trashburger
on April 14, 2022
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Not if it's a cash offer.
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If they reject and the stock goes down to $20, there will be lawsuits.