{"id":1452143,"date":"2022-04-24T16:44:35","date_gmt":"2022-04-24T20:44:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1452143"},"modified":"2022-04-24T18:12:48","modified_gmt":"2022-04-24T22:12:48","slug":"twitter-facing-mounting-pressure-from-shareholders-to-take-specific-action-over-potential-buyout-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/twitter-facing-mounting-pressure-from-shareholders-to-take-specific-action-over-potential-buyout-report\/","title":{"rendered":"Twitter Facing Mounting Pressure From Shareholders To Take Specific Action Over Potential Buyout: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftwitter-facing-mounting-pressure-from-shareholders-to-take-specific-action-over-potential-buyout-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1452143&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" class=\"ff-og-image-inserted\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/02\/Musk-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" alt=\"image\" \/><\/div>\n<p>Twitter is facing mounting pressure from its shareholders to not allow Elon Musk\u2019s multibillion dollar offer slip away as the company and Musk were reportedly set to meet on Sunday to talk about his offer.<\/p>\n<p>The news comes as Musk has already stated that he will not go higher than his initial $54.20 bid per share, and he recently disclosed that he has $46.5 billion in financing ready to go to buy out the company.<\/p>\n<p>\u201cA concern that Twitter\u2019s board is weighing is that unless it seeks to negotiate a deal with Musk, many shareholders could back him in a tender offer,\u201d Reuters <a href=\"https:\/\/financialpost.com\/pmn\/business-pmn\/twitter-under-shareholder-pressure-to-seek-deal-with-musk-sources-say\">reported<\/a>. \u201cWhile the poison pill would prevent Twitter shareholders from tendering their shares, the company is worried that its negotiating hand would weaken considerably if it was shown to be going against the will of many of its investors.\u201d<\/p>\n<p>The company has reportedly shifted gears in regard to Musk\u2019s offer after he disclosed in a Securities and Exchange Commission (SEC) filing last week that he has the money to back up his offer.<\/p>\n<p>\u201cTwitter had been expected to rebuff the offer, which Mr. Musk made earlier this month without saying how he would pay for it,\u201d The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/articles\/twitter-re-examines-elon-musks-bid-may-be-more-receptive-to-a-deal-11650822932?mod=hp_lead_pos1\">reported<\/a> on Sunday. \u201cBut after he disclosed last week that he now has $46.5 billion in financing, Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate.\u201d<\/p>\n<p>Reuters\u2019 report said that the company may try to force a better deal out of Musk by showing him the company\u2019s books or by soliciting offers from other potential buyers.<\/p>\n<p>\u201cI wouldn\u2019t be surprised to wake up next week and see Musk raise what he called his best and final offer to possibly $64.20 per share,\u201d a fund manager who is invested in Twitter told Reuters.\u00a0\u201cHe could also drop the whole thing entirely. Anything is possible.\u201d<\/p>\n<p>The latest developments come after Musk\u00a0<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001418091\/000110465922048128\/tm2213229d1_sc13da.htm\">listed<\/a> in a new SEC filing that he had secured $46.5 billion from three sources to buy the company, including $13 billion from Morgan Stanley, $12.5 billion from other banks, and $21 billion from himself.<\/p>\n<p>\u201cIf our twitter bid succeeds, we will defeat the spam bots or die trying!\u201d Musk tweeted after the SEC filing was disclosed.\u00a0\u201cAnd authenticate all real humans.\u201d<\/p>\n<p>Musk is reportedly still considering taking his bid directly to shareholders by launching a tender offer, which could come as early as this week.<\/p>\n<p>The U.S. Securities and Exchange Commission (SEC)\u00a0<a href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/tender-offer\">notes<\/a> that a \u201ctender offer\u201d \u201cis typically an active and widespread solicitation by a company or third party (often called the \u2018bidder\u2019 or \u2018offeror\u2019) to purchase a substantial percentage of the company\u2019s securities.\u201d<\/p>\n<p>A tender offer is only available for a short period of time and is made to everyone who owns stock in the company. The price offered to purchase the shares is fixed and usually comes at a premium rate compared to the current market value of the stock.<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/utm.io\/ueuP8\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter is facing mounting pressure from its shareholders to not allow Elon Musk\u2019s multibillion dollar offer slip away as the company and Musk were reportedly set to meet on Sunday<\/p>\n","protected":false},"author":102,"featured_media":1440562,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1452143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1452143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1452143"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1452143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1440562"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1452143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1452143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1452143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}