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Elon Musk offers to buy all shares of Twitter
A few days ago it became known that Elon Musk had acquired 9.2% of Twitter shares. This was quite the news, especially for the events that would come after this. Starting with a series of changes that he would like the social network to have.
But this news was not well received by some partners of the company, who complained and, in fact, sued the tycoon for not reporting the purchase of shares in a timely manner. And it is that, according to the laws, he had to inform within 10 days to buy a participation greater than 5%.
The demand is due to the fact that investors stopped receiving potential profits if the businessman had announced it before. In the event that the lawsuit succeeds, it is possible that Musk could face a fine.
Given this, the CEO of SpaceX and Tesla has made an offer to the rest of the investors in which he proposes the purchase of 100% of the shares for a higher price than they have. As has been known, this offer would amount to about 43,000 million dollars, a higher price than the company currently has of 37,000 million.
Musk sent a letter with his proposal
It has been known that the renowned businessman would have sent a letter to the president of the administrative council of Twitter, who is currently Bret Taylor. In this, he assures that he has offered to buy all the shares of the company at a price of $54.20.
In other words, the tycoon would be paying 38% more than the value of the shares to “compensate” the shareholders. Without a doubt, this has been a very interesting offer, but it seems that it has not been as well received as I expected.
As announced by the administrative council, they would evaluate Musk's offer to determine what their action would be.
Elon Musk has threatened to sell his shares if they do not accept the proposal
After having made his offer, the CEO of tesla threatened to sell his shares if the offer to buy all the shares of the company is not accepted.
Although the offer may be tempting, it is unlikely that all shareholders will end up accepting it. After all, many are not happy with Musk's actions. In fact, as has been known, some shareholders have already rejected the proposal.
So, in the case of massive rejection of the proposal, it would be necessary to see if the tycoon would really be willing to sell his stake in the company.
Some analysts believe the offer is just a joke
Some people with knowledge in the sector are assuring that the offer that Musk has made for the purchase is a joke. After all, even though you would be paying 38% more for the stock, that price would not be attractive to investors.
In fact, in his opinion, the company would have a value greater than that 43,000 million dollars that the tycoon is offering.
