Twitter shareholders are suing Elon Musk, accusing him of acting illegally in the way he has handled his takeover bid
Tesla shares spiked after Musk announced his 9% stake in Twitter and later made his initial offer to buy the company - but subsequently fell as his comments sowed doubt about whether the deal would go through.The lawsuit also alleges he did not disclose his 9% stake in the company within the timeframe required by the Securities and Exchange Commission.
Twitter investors claim he saved more than $156m by failing to disclose his stake on time, since an earlier disclosure could have pushed up share prices. "By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought Twitter stock at an artificially low price," the lawsuit says.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Twitter investors meet amid turmoil over Elon Musk takeover bidWhile the Musk takeover referendum is not on the agenda yet, shareholders will vote on five management-opposed proposals
続きを読む »
Elon Musk must find more cash for Twitter deal after scrapping margin loan\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
続きを読む »
Elon Musk sued by Twitter investors for delaying disclosure of stakeInvestors say Musk saved himself $156m by failing to disclose that he had purchased more than 5% of Twitter by 14 March
続きを読む »
Twitter Shareholders Meet Amid Elon Musk's Takeover DramaThe scheduled shareholder meeting didn't include a vote on Musk’s $44 billion bid for the social platform.
続きを読む »