MUSK’S ‘TENDER’ TWEETS

Billionaire entrepreneur Elon Musk over the weekend tweeted “Love me Tender” after Twitter took major steps to thwart his offer to take the company private, a hint that he now may be considering a tender offer to Twitter shareholders.

Musk’s tweet suggests that he would bypass Twitter’s board of directors, which he rejected to join because of the condition he couldn’t buy more than 14.9 percent of the firm.

What are tender offers? Tender offers are made to shareholders to purchase some or all of their stock, usually publicly and set at a higher price per share than the company’s current stock price, “providing shareholders a greater incentive to sell their shares,” according to financial information website Investopedia.