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by arcticfox 1496 days ago
>One particularly tricky nuance of contract law is that their must be someone with legal standing who wants the contract to be enforced

> but they were legally obligated to consider an accept a fair offer of acquisition because it would be in the best interests of the share holders.

Musk buying the company at 30% over market value seems like it would absolutely be in the best interest of the shareholders as well

> Suing Musk for wanting out would not be a sound financial move and could even result in Twitter becoming insolvent

Why not? This seems like an easy case and a huge win for shareholders. I feel like shareholders could sue Twitter into insolvency if they didn't pursue Musk for massive reparations if he flouted the contract