Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top

Poll: What could Musk's 'Plan B' for Twitter be?

avatar
Chatterbox Moo wrote a column · Apr 15, 2022 11:51
In a filing published Thursday, $Tesla (TSLA.US)$ CEO Elon Musk offered to buy $Twitter (Delisted) (TWTR.US)$ for $54.20 a share, or about $43 billion.
Hours after the offer, Musk said he is "not sure" he'll actually be able to buy Twitter. And Twitter's price slipped into negative territory for the day -- 20% below Mr. Musk's offer.
Source: moomoo
Source: moomoo
Twitter's response
The Twitter board is set to meet at 10am EST to consider Elon Musk's offer to buy the company for $54.20 in all cash.
According to people familiar with the matter, Twitter has enlisted the help of $Goldman Sachs (GS.US)$ as it considers how to respond to Musk's hostile bid.
Goldman said $54.20 is too low to be taken seriously. However, they currently has a Sell rating on Twitter with a target price of $30 per share.
Source: Elon Musk's Twitter
Source: Elon Musk's Twitter
Musk's response
Elon Musk said he has a 'Plan B' if Twitter's board rejects his buyout offer, but declined to explain further.
Three possible scenarios
$Bank of America (BAC.US)$ laid out three possible scenarios for how Musk's takeover bid.
- Scenario one: The board accepts the offer in its current form.
Analysts said they see this as a "lower-probability scenario" as Twitter's board likely sees more potential in their company based on internal growth targets and historical valuations. After all, Twitter stock traded as high as $73.34 over the past 12 months.
- Scenario two: Involves Twitter's board rejecting the current offer and agreeing to a sweetened price with Musk or another firm.
- Scenario three: The board rejecting the current and any revised offers, forcing Musk to abandon his takeover attempt.
Source: Bloomberg, CNBC, worldface
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
1
2
2
9
+0
19
Translate
Report
37K Views
Comment
Sign in to post a comment

View more comments...

avatar
Chatterbox Moo
Moomoo Official Account
Welcome to moomoo chat room.
6760Followers
3Following
10KVisitors
Follow
Heat List
US
SymbolMini ChartLatest Price
TSLA
Tesla
-- 431.660
RGTI
Rigetti Computing
-- 17.0800
NVDA
NVIDIA
-- 137.010
PLTR
Palantir
-- 79.080
LAES
SEALSQ Corp
-- 9.080
News
Federal Open Market Committee Gets Four New Voters. How They Lean on Rates
Dec 28 04:16
The Second-season Curse: Why Round 2 of 'Squid Game' May Not Be a Winner for Netflix
Dec 28 15:00
Apple's Been on an Uncommonly Strong Run. So a Tough January Could Now Be in the Cards.
Dec 28 08:07
Top Gap Ups and Downs on Friday: SAP, PDD, CMG and More
Dec 28 07:00
Santa Claus Deserted the Market. It's Still Been a Good Year for Stocks
Dec 28 07:00