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Twitter’s Lawsuit Against Elon Musk Looks Like a Loser

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#Twitters #Lawsuit #Elon #Musk #Loser

Twitter has sued Elon Musk, searching for to compel him to purchase the corporate for $54.20 a share. Many observers suppose the corporate will prevail, or that Mr. Musk is probably going at the very least to pay the $1 billion breakup charge. They’re improper. He’s more likely to stroll away largely unscathed, a perception mirrored in Twitter’s inventory value. This case will likely be a superb lesson on the bounds of boilerplate merger agreements and the distinction between a company and its shareholders.

The merger settlement on this case might be learn in a approach that allows a courtroom to order Mr. Musk to purchase Twitter—he and two entities he controls agreed they might “not oppose” such an order—by a treatment generally known as “particular efficiency.” Though litigation is all the time unsure, it’s exhausting to think about a courtroom would drive the acquisition of a $44 billion company.