Just a thought, but could the court order a higher price for the deal? I'm wondering if this could be ordered based on shareholder premium to the price. The stock closed at $45.85 the day before his offer. The current price is climbing back toward that point.
If the stock exceeds the 45.85, shareholder premium would drop if the court ordered the deal complete at $54.20. So could the court order a higher price to maintain that premium? This would make it more likely that Musk would go forward with the deal prior to it going to court.
I also think the likelihood of the deal being settled before it goes to court increases as the price increases. Musk would essentially be getting the company for the same price, but at a lower premium to the current stock price. His recent sale of TSLA stock could also be related to an as yet undisclosed purchase of additional TWTR stock at a price lower than $45.85, lowering his overall cost.
I am currently holding TWTR stock.
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