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Elon Musk tweet hints at possible tender offer to Twitter shareholders

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Elon Musk is the CEO of Tesla Motors. He spoke at the Tesla Giga Texas manufacturing’s “Cyber Rodeo” grand-opening party, April 7, 2022 in Austin.

Suzanne Cordeiro | AFP | Getty Images

Elon MuskRecently, a mysterious tweet with the words “Love Me Tender” was posted. It suggested that he was listening to Elvis and possibly contemplating a tender offer. TwitterThe company will be controlled by its shareholders.

Tender offers would mark the end of the drama surrounding Musk’s dramatic attempt to control Twitter. Musk has tweeted another tweet stating that shareholders and not the board should decide what happens to the company’s future.

Twitter’s shares were higher than 3% during premarket trades

Wow, Twitter’s board has nearly no shares now that Jack is gone! Fridy was also mentioned by him, the former CEO Jack Dorsey. step down from the Twitter board this year. They are not interested in shareholders’ economic interests.

It TeslaLast week, SpaceX’s CEO offered to purchase Twitter at $54.20 per share. This would put it in the range of $43 billion. Twitter adopted a limited duration shareholder rights planFriday was often called a “poison tablet” in order to prevent a hostile takeover.

Musk recently acquired more than 9 percent of the company. Twitter made Musk an offer to join its board. Musk had to buy no more than 14.9%. Musk reacted and offered to buy Twitter’s 14.9% share.

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