Elon Musk made Twitter an offer they can’t refuse.
That’s right, the richest man in the world just offered to buy Twitter for 43 billion in cash. He’s offering shareholders $54.20 for their stock.
It’s a good deal, and Twitter’s board has its backs up against the wall right now.
Outkick reported that according to an SEC filing made Wednesday, Elon Musk offered to buy all outstanding Twitter common stock at $54.20. The buyout price would represent a 54% premium over the closing price of Twitter stock on January 28, 2022, which was the day before Musk started investing in the stock, the 13D filing states.
At $54.20, the final purchase price for Musk would be $41 billion to complete the takeover, Reuters reports.
“As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made,” Musk says in the document. “After the past several days of thinking this over, I have decided I want to acquire the company and take it private. I am going to send you an offer letter tonight, it will be public in the morning. Are you available to chat?”
Musk also noted that this is his best and final offer.
“I am not playing the back-and-forth game,” the billionaire adds. “I have moved straight to the end. It’s a high price and your shareholders will love it. If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder.”
Elon is having some fun, right now…
But you can bet Twitter’s execs are not having fun…
So, what will they do?
Well, many people believe that Twitter execs have no real options left right now, except to work behind the scenes with Dem politicians and try to get them to step in and stop Elon Musk’s hostile takeover.
Here’s what The Federalist editor Sean Davis said:
Yep. It will be difficult for Twitter to reject an all-cash offer for a premium of nearly 50% over what the stock was worth before Musk got involved. At this point, you have to assume Twitter’s corrupt board is begging the Biden admin to block the whole thing for them.
Yep. It will be difficult for Twitter to reject an all-cash offer for a premium of nearly 50% over what the stock was worth before Musk got involved.
At this point, you have to assume Twitter’s corrupt board is begging the Biden admin to block the whole thing for them. https://t.co/PqGe50jDpC
— Sean Davis (@seanmdav) April 14, 2022
Here’s what Free Beacon reporter Joe Simonson said: “Decent chance Warren or some other dem lawmaker introduces legislation trying to stop musk because her staff is crying right now”
Decent chance Warren or some other dem lawmaker introduces legislation trying to stop musk because her staff is crying right now
— Joe Gabriel Simonson (@SaysSimonson) April 14, 2022
Here’s what former Newsmax host John Cardillo said: “100% Biden’s handlers weaponize the SEC to block Elon’s Twitter bid.”
100% Biden’s handlers weaponize the SEC to block Elon’s Twitter bid.
— John Cardillo (@johncardillo) April 14, 2022
If that happens, and it very well might, Dems will have torn the mask off, in one last desperate move, and in doing so, will leave nothing on the table. There will be no questions, no doubts, no wondering about the collusion we’ve all been screaming about for years now.
Here’s what people online are saying:
“no legal reason to block. no monopoly created. shareholders make a killing. win/win”
“Hostile takeovers are always good for shareholders. I’m sure Elon can get a lot of financial support if needed.”
“The ramifications if this goes through can be immense. I expect the regime to move hard against him. FCC the whole kitchen sink thrown at him.”
“The gov’t is *paying* news outlets to be dispense propaganda. The HHS is writing the checks. It will be interesting to know if this is what is driving Twitter and Google’s censorship.”
“Musk to Twitter: “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.” This is a full on threat. If he dumps his holdings the stock will drop 50 to 70% instantly.”
“No real legal leg for them to stand on, but they’ll do it regardless. Anything for the Biden “Administration.”
It’ll be interesting to see what happens.
But I can tell you this much, lefties are having a meltdown right now, and that’s always a good thing.
Dems reading the Elon Musk news this morning: pic.twitter.com/hOHnhv2wmm
— House Judiciary GOP (@JudiciaryGOP) April 14, 2022
Grab your popcorn, this is about to get really interesting.
This story syndicated with permission from Wayne Dupree