Tender Offer
Twitter has been in the spotlight following the $44 billion takeover by Elon Musk, SpaceX and Tesla CEO.
Late on Thursday, the “Chief twit” (as he describes himself), announced that the bird is freed, referring to the success of a deal to acquire twitter. The deal took a strong turn after Twitter was accused for not reporting bot accounts accurately. What this (takeover) means for existing shareholders is that they receive $54.20 as part of the tender offer, and thereafter Twitter Inc will be delisting.
Twitter as a platform?
The Twitter platform as we know it will still exist, but changes may come to the company since it’s privately owned by Elon Musk.
Do investors lose money during a tender offer?
A tender offer is an offer that an institution or private investors can bring to the table to take over a company (buy more than half). This can be at a premium or discount, depending on the offer at hand. Click here to read more about Tender Offers:
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