What Is a Tender Offer in Stocks and What Would One Mean for TWTR?

InvestorPlace2022-04-19

Over the weekend,Twitter’s(NYSE:TWTR) board of directors enacted a poison pill plan. The plan allows Twitter to give existing shareholders the right to purchase shares at a discount. This plan will be...

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Comments

thetarget
2022-04-19
thetarget
Musk just need a social media toy to play with.. He has always wanted one.
WalkerWoon
2022-04-19
WalkerWoon
Fly to the moon
慢的老人
2022-04-19
慢的老人
Elon Musk using Twitter to bash Twitter's Board of Directors is strangely satisfying. [LOL]
Aivern
2022-04-19
Aivern
Lol Dorsey was an active participant in all the shenanigans.
ThinkOrSwim
2022-04-19
ThinkOrSwim
ELON == Techno KingJack Dorsey == Gypsy KingI go with Techno King
Jasminephyo
2022-04-19
Jasminephyo
Ok

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The plan allows Twitter to give existing shareholders the right to purchase shares at a discount. This plan will be...</p>\n\n<a href=\"https://investorplace.com/2022/04/what-is-a-tender-offer-in-stocks-and-what-would-one-mean-for-twtr/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWTR","symbol_name":"Twitter","start_time":0,"source_url":"https://investorplace.com/2022/04/what-is-a-tender-offer-in-stocks-and-what-would-one-mean-for-twtr/","article_id":"1194995628","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194995628","pubTimestamp":1650334521,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Elon Musk's 'Plan B' may be a tender offer","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TWTR":"Twitter"},"translate_title":"什么是股票的要约收购，这对TWTR意味着什么？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWTR":0.9},"content_text":"Over the weekend,Twitter’s(NYSE:TWTR) board of directors enacted a poison pill plan. The plan allows Twitter to give existing shareholders the right to purchase shares at a discount. This plan will be triggered if an entity purchases at least 15% of TWTR stock without the approval of the board. In other words, it’s very clear that Twitter’s board does not want Elon Musk to acquire the company.Despite the board’s disapproval, Musk has stated himself that he has a “Plan B.” On Saturday, Musk then tweeted out “Love Me Tender,” a reference to Elvis Presley’s 1956 hit song.However, investors are speculating that Musk was actually hinting at a tender offer for his Plan B. So, what exactly is a tender offer?What Is a Tender Offer?A tender offer is an offer to a company’s shareholders instead of the board. The offer is usually priced significantly above the current market price. These offers typically look to acquire stock from shareholders at a specific price and within a specified period of time. The acquirer does this in order to own a majority stake in the target company.In the case of a takeover attempt, which Musk may choose to pursue, the offer may be conditional “on the prospective buyer being able to obtain a certain amount of shares.” In addition, the acquirer does not need the board’s approval to enact a tender offer.An advantage of a tender offer is that the acquirer does not need to raise money right away. Rather, the acquirer can wait to buy shares “until a set number is tendered.” Acquirers can also enact escape clauses, which would remove liability from buying shares under certain circumstances. A disadvantage is that acquirers must pay associated fees to parties such as the U.S. Securities and Exchange Commission (SEC), attorneys and depository banks.What Would a Tender Offer Mean for Twitter?In order for a tender offer to be successful, the acquirer must purchase a certain amount of shares from willing shareholders. In the case of a successful acquisition, Musk tweeted out that he would reduce the board’s salary to $0, which he said would save roughly $3 million per year. Additionally, Twitter would likely experience a major change in leadership, employee count and internal operations.Board member and former CEO Jack Dorsey seems to be on Musk’s side. Hetweetedthat the board has “consistently been the dysfunction of the company.” Dorsey’s term on the board expires this May.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9088248323,"gmtCreate":1650355302245,"gmtModify":1676534703891,"author":{"id":"3574165736100915","authorId":"3574165736100915","name":"thetarget","avatar":"https://static.itradeup.com/news/141aa7b79cc33b5e7eb62f95eab09a40","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574165736100915","authorIdStr":"3574165736100915"},"htmlText":"Musk just need a social media toy to play with.. He has always wanted one.&nbsp;","listText":"Musk just need a social media toy to play with.. He has always wanted one.&nbsp;","text":"Musk just need a social media toy to play with.. He has always wanted one.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088248323","repostId":1194995628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088239905,"gmtCreate":1650345603907,"gmtModify":1676534702156,"author":{"id":"3567211702241491","authorId":"3567211702241491","name":"WalkerWoon","avatar":"https://static.tigerbbs.com/a772c81a4c88b39f7cdec13c1c0af077","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3567211702241491","authorIdStr":"3567211702241491"},"htmlText":"Fly to the moon&nbsp;","listText":"Fly to the moon&nbsp;","text":"Fly to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088239905","repostId":1194995628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088292705,"gmtCreate":1650345108024,"gmtModify":1676534702062,"author":{"id":"3582028884093480","authorId":"3582028884093480","name":"慢的老人","avatar":"https://static.tigerbbs.com/d8809bb976396889eb133162af0901b8","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3582028884093480","authorIdStr":"3582028884093480"},"htmlText":"Elon Musk using Twitter to bash Twitter's Board of Directors is strangely satisfying.&nbsp;[LOL]&nbsp;","listText":"Elon Musk using Twitter to bash Twitter's Board of Directors is strangely satisfying.&nbsp;[LOL]&nbsp;","text":"Elon Musk using Twitter to bash Twitter's Board of Directors is strangely satisfying. [LOL]","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088292705","repostId":1194995628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088293291,"gmtCreate":1650344600495,"gmtModify":1676534701950,"author":{"id":"4097767435236930","authorId":"4097767435236930","name":"Aivern","avatar":"https://static.tigerbbs.com/3827d6c7271c872fcc616eaa9b4f7f54","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4097767435236930","authorIdStr":"4097767435236930"},"htmlText":"Lol Dorsey was an active participant in all the shenanigans.","listText":"Lol Dorsey was an active participant in all the shenanigans.","text":"Lol Dorsey was an active participant in all the shenanigans.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088293291","repostId":1194995628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088675273,"gmtCreate":1650342731491,"gmtModify":1676534701605,"author":{"id":"4107161170881400","authorId":"4107161170881400","name":"ThinkOrSwim","avatar":"https://static.itradeup.com/news/456b9d740a0500cd2e7af1a1332c61de","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4107161170881400","authorIdStr":"4107161170881400"},"htmlText":"ELON == Techno KingJack Dorsey ==&nbsp;Gypsy KingI go with Techno King","listText":"ELON == Techno KingJack Dorsey ==&nbsp;Gypsy KingI go with Techno King","text":"ELON == Techno KingJack Dorsey == Gypsy KingI go with Techno King","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088675273","repostId":1194995628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9088655700,"gmtCreate":1650341148386,"gmtModify":1676534701085,"author":{"id":"3585306064379170","authorId":"3585306064379170","name":"Jasminephyo","avatar":"https://static.tigerbbs.com/81aad6a5797d9f136f0438609cb372a5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585306064379170","authorIdStr":"3585306064379170"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088655700","repostId":1194995628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":137,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1194995628"}