No BOD membership after all - from The Daily Wire:
Musk’s Decision To Not Join Twitter’s Board Signals Potential Major Move He Can Now Make On The Company
Entrepreneur Elon Musk’s decision to not join Twitter’s board reportedly means that the world’s wealthiest man is no longer restricted in how much of the company that he can buy.
After becoming their top shareholder with control of more than 9% of the company, Musk signed an agreement with Twitter for the following terms as long as he served on their board: “Mr. Musk agrees that, for so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps or hedging transactions.”
Not bound by the agreement. Looking at acquiring a controlling interest?
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