I'm shocked, shocked—said no one—that Elon notified Twitter's Board he is terminating his agreement to buy the company, TWTR 0.00%↑, which he rammed through at his named (ridiculous) price on a deal no one but him wanted, based on trumped up excuses even he can't sell convincingly.
But here we are. Market Watch reports today that Elon sent a letter to Twitter’s board announcing he is terminating his solidly binding agreement to buy the company as agreed.
Which he can’t do, of course.
So it’s off to court they go, for as long as Elon can drag it out—which has been his intention all along as soon as his buyer’s remorse kicked in.
This publication is prepared by Bond Angle LLC and is distributed solely to authorized recipients and clients of Bond Angle for their general use. In addition:
I/We have no position(s) in any of the securities referenced in this publication.
Views expressed in this publication accurately reflects my/our personal opinion(s) about the referenced securities and issuers and/or other subject matter as appropriate.
This publication does not contain and is not based on any non-public, material information.
To the best of my/our knowledge, the views expressed in this publication comply with applicable law in the country from which it is posted.
I/We have not been commissioned to write this publication or hold any specific opinion on the securities referenced therein.
Bond Angle does not do business with companies covered in its publications, and nothing in this publication should be construed as a solicitation to buy or sell any security or product.
Bond Angle accepts no liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this publication and/or further communication in relation to this document.
Share this post
MarketWatch: Elon Musk terminates deal to buy Twitter
Share this post
I'm shocked, shocked—said no one—that Elon notified Twitter's Board he is terminating his agreement to buy the company, TWTR 0.00%↑, which he rammed through at his named (ridiculous) price on a deal no one but him wanted, based on trumped up excuses even he can't sell convincingly.
As I said he would:
But here we are. Market Watch reports today that Elon sent a letter to Twitter’s board announcing he is terminating his solidly binding agreement to buy the company as agreed.
Which he can’t do, of course.
So it’s off to court they go, for as long as Elon can drag it out—which has been his intention all along as soon as his buyer’s remorse kicked in.
Share
Contact Us:
info@bondangle.com
Disclaimer