As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by TheHill.com:
Billionaire entrepreneur Elon Musk over the weekend tweeted “Love me Tender” after Twitter took major steps to thwart his offer to take the company private, a hint hinting that he now may be considering a tender offer to Twitter shareholders.
Musk’s tweet suggests that he would bypass Twitter’s board, which he rejected to join because of the condition he couldn’t buy more than 14.9 percent of the firm.
The article goes on to state the following:
If Musk makes this sort of offer, it would be a public offer made to purchase some or all of the shareholders’ stock. Typically, the offer is set at a higher price per share than the company’s current stock price, “providing shareholders a greater incentive to sell their shares,” according to Investopedia.
🎶 Love Me Tender 🎶
— Elon Musk (@elonmusk) April 16, 2022
Musk also announced on Monday that if his takeover of Twitter succeeds, the salary of board members will go to ZERO.
Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there
— Elon Musk (@elonmusk) April 18, 2022
Speculation is swirling around Musk’s musical tweet:
“Looking forward to a Tender offer from Elon to acquire Twitter stocks directly from shareholders,” tweeted @TeslaAndDoge.
Looking forward to a Tender offer from Elon to acquire Twitter stocks directly from shareholders. https://t.co/ZPAX8it1vS
— Tesla and Doge (@TeslaAndDoge) April 18, 2022
“Is the plan B a Tender Offer @elonmusk ?” another Twitter user asked.
Is the plan B a Tender Offer @elonmusk ? https://t.co/vlfMNd678h pic.twitter.com/CtWctnr3q1
— MexicApe (@MexicApe) April 17, 2022
“Now I can’t get the song out of my head,” quipped Fox News contributor Sara Carter.
Now I can’t get the song out of my head … https://t.co/FRtrs807LE
— Sara A. Carter (@SaraCarterDC) April 17, 2022
One Twitter user wrote, “Elon Musk is not referring to Elvis Presley’s song, folks.@sethjlevy@JustDrew8055 “The term tender also refers to the process whereby shareholders submit their shares or securities in response to a takeover offer.””
Elon Musk is not referring to Elvis Presley’s song, folks.@sethjlevy @JustDrew8055
“The term tender also refers to the process whereby shareholders submit their shares or securities in response to a takeover offer.”
–Investopedia https://t.co/ulbcSNp3wc
— TrumpManOfSteel (@TrumpManOfSteel) April 16, 2022
Sounds like a tender offer to me… https://t.co/XG1yrvDhG8
— Charles Hoskinson (@IOHK_Charles) April 17, 2022
!!!
For those unaware, a tender offer is when security holders are offered to be bought out at a certain price.
The acquirer benefits by buying more shares from those who agree to be tendered, while the seller benefits from being taken out at a high price.
Game on… https://t.co/O6II6faFar
— The Woke Antidote Podcast (@TheWokeAntidote) April 16, 2022
Don’t remember cheering for something so much as I’m cheering for @elonmusk on this one. Frankly I believe this is more important for humanity now than either Tesla or SpaceX. https://t.co/LjwbguxXji
— Bernardo de Pádua (@bernardops) April 18, 2022
To get more information about this article, please visit TheHill.com.
ThinkCivics researches, examines, and reports on issues that matter most. We deliver explanative, fearless, and insightful analysis for public consumption.
