> As a Twitter shareholder I would vote against this.
Which is your right, but do you own nearly 10% of twitter like elon musk with the ability to buy up to nearly 15%? Unless you own big blocks of shares, your vote really doesn't matter.
> Musk says there is tremendous financial potential in Twitter but then offers $54 a share, which is not even 2x the IPO price.
Twitter IPO'd nearly 10 years ago. The IPO price really doesn't factor in today.
Musk offered $54 and twtr is currently trading less than $47. It means that major investors don't value twtr higher than $54 and do not expect a bidding war. If twtr was trading above $54, then it would indicate that musk was undervaluing twtr and investors expect a bidding war. Also, the fact that it is trading so much below $54 indicates that many don't expect twtr to sell itself to musk. Regardless, it will be interesting what happens in the coming months.
Which is your right, but do you own nearly 10% of twitter like elon musk with the ability to buy up to nearly 15%? Unless you own big blocks of shares, your vote really doesn't matter.
> Musk says there is tremendous financial potential in Twitter but then offers $54 a share, which is not even 2x the IPO price.
Twitter IPO'd nearly 10 years ago. The IPO price really doesn't factor in today.
Musk offered $54 and twtr is currently trading less than $47. It means that major investors don't value twtr higher than $54 and do not expect a bidding war. If twtr was trading above $54, then it would indicate that musk was undervaluing twtr and investors expect a bidding war. Also, the fact that it is trading so much below $54 indicates that many don't expect twtr to sell itself to musk. Regardless, it will be interesting what happens in the coming months.