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by microtherion
1317 days ago
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> If he didn't want to do something and the other party in the negotiation used the legal system to make him do it he was forced by someone else to do it. The complication here is that his offer was so outlandishly high that he essentially tied Twitter management's hands. If they had not sued him, they would almost certainly be subject to litigation from their own shareholders, because not doing everything to sell at this price would have amounted to corporate mismanagement (In practice, top management gets a lot of leeway from the courts when it comes to maximizing shareholder value, but I can't imagine leaving a 30%+ markup over the current stock price on the table would have passed muster). |
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