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Will Elon Musk Be Forced to Buy Twitter?

Will Elon Musk Be Forced to Buy Twitter?

FromPatrick Boyle On Finance


Will Elon Musk Be Forced to Buy Twitter?

FromPatrick Boyle On Finance

ratings:
Length:
23 minutes
Released:
Jul 16, 2022
Format:
Podcast episode

Description

This Tuesday, Twitter’s sued Elon Musk to force him to honor his legally binding agreement to buy the company. Twitter asked the Delaware Court of Chancery to fast-track a trial for September. According to the complaint “Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.”The Delaware court will examine the case on its merits and lawyers are suggesting that Musk’s defense is weak, if not laughable. “We will finally see if Elon Musk is ‘above the law,” according to John Coffee of Columbia Law School. “I am confident that in the Delaware courts the answer is no.” he told the FT.Gods at War by Steven Davidoff Solomon: https://amzn.to/3uNpPJ1Twitter Merger Agreement: https://www.sec.gov/Archives/edgar/data/1418091/000119312522176753/d283119dprer14a.htm#toc283119_94Elon Musk Cancellation Letter: https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htmThe Twitter Lawsuit: https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rvMR5WrmwCGQ/v0Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle On Finance YouTube Channel Support the show
Released:
Jul 16, 2022
Format:
Podcast episode

Titles in the series (100)

This podcast is all about quantitative finance and financial history. Subscribe to hear about financial markets, derivatives, and how investors use quantitative tools from statistics and corporate finance theory. Included are interviews with some of the most interesting thinkers in finance. Occasional longer form financial documentaries, open up fascinating elements of financial markets history. Patrick Boyle is a quantitative hedge fund manager, a university professor, and a former investment banker. To contact Patrick visit http://onfinance.org Find Patrick on YouTube at: https://www.youtube.com/c/PatrickBoyleOnFinance DISCLAIMER:This podcast is not affiliated with any financial institution. The information provided is for entertainment purposes only and does not constitute financial advice. Those seeking investment advice should seek out a registered professional in their home jurisdiction and confirm their credentials on your national regulator's website. Patrick Boyle is not responsible for any investment actions taken by viewers and his content should not be used as a basis for investment or other financial decisions.