Quote:
Originally Posted by GGG
On a hostile take over bid you protect yourself first in order to keep all options open to you. Then you negotiate to try to drive up the price. Musk probably threatened to have an emergency meeting to replace the board.
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Sure, so the offer was unacceptable last week and this week they just accept it? That's bizarre. I guess the board can sell their 1000 shares in protest though.
It's just a strange approach to me, and I'm not sure what they accomplished with that tactic.