Reason: None provided.
Can he even pull this off?
In short, he can but the ball right now is in the board's court. They can accept his offer (in which case the shares are recalled by the company at $54.20) or they can refuse.
If they refuse, Elon can try to buy a 50.1% stake on the open market. Attempting to do so would be... expensive.
2 years ago
2 score
Reason: Original
Can he even pull this off?
In short, he can but the ball right now is in the board's court. They can accept his offer (in which case the shares are recalled by the company at $54.20) or they can refuse.
If they refuse, Elon can try to buy a 50.1% stake on the open market.
2 years ago
1 score