Why is twitter still trading?

Discussion in 'Stocks' started by john7722, Apr 26, 2022.

  1. ph1l

    ph1l

    You would get the payout after the deal closes. It's possible the deal will break, and the stock price then falls, of course.
     
    #21     Apr 26, 2022
  2. TheDawn

    TheDawn

    I thought the deal is already finalized. And Twitter has already agreed to sell the company to Elon Musk for $44 billion and Elon Musk has already secured financing for it. How can it break? Wouldn't either of Twitter of Elon Musk be sued for breach of contract if the deal doesn't go through? Do we get to see the sale agreement?
     
    #22     Apr 26, 2022
  3. Jzwu2017

    Jzwu2017

    The deal will take some time (6 months - 1 year) to close. Before it finally closes anything can happen. Haven’t you seen some past deals fell through before?
     
    #23     Apr 26, 2022
  4. ph1l

    ph1l

    The deal might break if a majority of shareholders vote to not approve it, for example.
    upload_2022-4-26_22-30-36.png

    Can God be sued?:D That's above my pay grade.
    https://www.hunnicuttlaw.com/breach-of-contract-elements/
     
    #24     Apr 26, 2022
  5. TheDawn

    TheDawn

    Elon Musk is not God even assuming God can be sued. So can Elon Musk not being able to come up with his financing be considered as not fulfilling the performance of the contract on his part, thus constituting a breach of contract? I guess it also depends on what it says in the contract. Do we get to know what the agreement says?
     
    #25     Apr 27, 2022
  6. Jzwu2017

    Jzwu2017

  7. upload_2022-4-27_11-1-0.png

    Maybe its going bankrupt
     
    #27     Apr 27, 2022
  8. newwurldmn

    newwurldmn

    yes. It’s in the corporate filings.
     
    #28     Apr 27, 2022
  9. newwurldmn

    newwurldmn

    like a house purchase. They have an agreement but there are closing conditions (generally due diligence and government approvals)
     
    #29     Apr 27, 2022
    VicBee likes this.
  10. VicBee

    VicBee

    Exactly. The deal is done between selling and buying parties but the special interests still have their say before it closes.
     
    #30     Apr 27, 2022