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[parent] [thread] 2 comments
1. kasey_+(OP)[view] [source] 2022-12-16 02:29:25
The shareholders voted for it. The board effectively had to comply.
replies(1): >>tptace+Py5
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2. tptace+Py5[view] [source] 2022-12-17 17:56:10
>>kasey_+(OP)
Not really, at least not within a reasonable amount of time to close the deal. Lots of Levine about how Musk couldn't really force the deal with a tender offer, right?

But, I mean, the board did the right thing; their obligation is to the shareholders, and the price Musk offered was absurdly high.

replies(1): >>kasey_+GT5
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3. kasey_+GT5[view] [source] [discussion] 2022-12-17 19:59:30
>>tptace+Py5
Once the vote happened I’m not sure the board could have stopped the deal without being sued forever. Rightly so, because it was such a high offer.
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