More likely than not that the offer will not go through as the board will block it in light that it is considered a hostile takeover move amidst other reasons and it's determined by the board instead of retail shareholders (those retail shareholders who bought at higher prices may also be resistant anyway as they would ideally want to cover their costs) - however it is to be expected that share price will be impacted (at least for a short period of time) when Musk disposes of his substantial 9% holdings back to the market.
Will Musk's bid to buy Twitter succeed?
Elon Musk offers to buy Twitter for $54.2/share in cash... Will he take over it eventually? What are your thoughts?
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Comments
I think stock price will go down...