Elon Musk has taken another step towards acquiring Twitter, and he also has an idea if management rejects his offer.
The acquisition case of Elon Musk and Twitter continues, as the billionaire has taken further steps despite the fact that management has not yet responded to his earlier offer. The highly active trader on the platform has once again provided the U.S. Stock Exchange with up-to-date information that Musk is also preparing for Twitter to accept all offers for shares not yet owned, but has an idea of the possibility of a rejection.
One of the most interesting elements of the latest prospectus handed over to the Securities Exchange Commission is that Musk has acquired the financial backing to fund his earlier bid, and even an even higher amount of $ 46.5 billion. Of this, $ 21 billion is planned to be covered by shares of Tesla and SpaceX through shares in its own companies, with $ 12.5 billion coming from loans that are also backed by shares, and another $ 13 billion to be borrowed from various banks.
Wednesday’s filing also revealed how Musk will react to Twitter’s management giving additional ownership to existing shareholders as a move to take over. According to the document, the businessman is currently considering making an open offer, but this time not to the management of the community platform, but to all other shareholders to sell their stake in them for a period of $ 54.2 per share. Twitter shares are currently listed on the stock exchange at a price of $ 47.2.
Incidentally, Musk’s representatives describe in the information submitted to the authority that the situation is plastic, so that none of the forms of acquisition can be guaranteed for the time being.
Source: PC World Online Hírek by pcworld.hu.
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