Doesn't the Twitter Board have a responsibility to alert it shareholders to this chance to sell out and make a huge profit?
"The Tesla CEO said Thursday in documents filed with U.S. securities regulators that he's exploring what's known as a tender offer to buy all of the social media platform's common stock for $54.20 per share in cash. Under a tender offer, Musk, who owns about 9% of Twitter shares, would take his offer directly to other shareholders, bypassing the board.
But Musk hasn't decided yet whether to do that.
With a tender offer, Musk would try to get other shareholders to pledge their stock to him at a certain price on a certain date. If enough shareholders agree, Musk could use that as leverage to get the board to drop the poison pill defense.
Musk signaled the possibility of a tender offer several times this week in tweets using the word “tender.”
https://www.newsmax.com/financ....e/streettalk/elon-mu