The Tesla CEO could be forced to acquire Twitter, even if he doesn't want it anymore.
We're a long way from finding out what will happen to Twitter after it has its day in court with Elon Musk, which he's stillto acquire the social media company, even if he doesn't want it anymore.is a legal concept that's not a historically common outcome in U.S. courts , but the Delaware Chancery Court has gone that route in a number of merger and acquisition cases., has emerged as a popular example of what could happen in Twitter vs. Musk.
But within three months, Tyson got cold feet and decided to walk away from the deal, claiming IBP hid issues with its financial statements and poor business performance creating a material adverse effect, and that it deceived Tyson to ink the merger. IBP took it to court in Delaware for breaching their agreement."IBP has not suffered a Material Adverse Effect within the meaning of the Agreement that excused Tyson's failure to close the Merger.
Awarding damages would not only be complicated but "will lack any pretense to precision" given the likely disagreement over valuation, he noted.
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