The Trish Regan ShowTesla Founder Elon Musk wants to terminate his $44 billion dollar Twitter deal. Easier said than done.
According to the Musk-Twitter merger agreement, Musk doesn't have a clear path to cancel the deal if the company still wants to move forward.
Unless he can prove that Twitter has experienced a "Material Adverse Change" or "Material Adverse Effect" (extremely rare events in the merger world) he might be on the hook.
Meanwhile, Twitter is lawyering up...saying it intends to enforce the $54.20 a share price tag.
In today's show, I'm handicapping Elon's chances of success...as well as looking at whether this is simply a ploy to lower the purchase price (again, a rare event--but, it did happen in the Tiffany LVMH merger.)
Plus, amid more economic uncertainty, KeyCity Capital's Charlie Dombeck is back on the show to tell us about a unique way to score yield in a poorly performing market; he's investing in ultra high end luxury cars that have been damaged and need to be rebuilt. From a 2021 Aston Martin Superleggera to a 2013 Ferrari F12 Berlinetta.. Dombeck says his lending portfolio is seeing strong returns by "remaking" some of the world's most incredible and luxurious cars.
Today's Advertiser Links:
https://LegacyPMInvestments.com - 1.866.589.0560
