Now that language is gone, replaced by a note indicating what the Reporting Person (Musk) “might” do, and it focuses on two specific things. That board of directors deal is off, and now the new document is here, so what’s changed? The only significant difference is Section 4, which previously contained language limiting Musk to a 14.9 percent stake in the company. Protocol points out that The Vanguard Group mutual fund disclosed on Friday that it now owns 82,403,665 shares, which is enough for a 10.29 percent piece of the company, even though the ownership is distributed across all fund-holders. Interestingly, while he remains Twitter’s largest individual shareholder, he doesn’t own the largest stake in the company. Musk says he owns 9.1 percent of outstanding shares right now with 73,115,038. Still, the amended filings aren’t enough to clear up the issue of how long he waited to disclose his share purchases and any response that may draw from the SEC. He cleared up that issue with an updated Scheduled 13D document ( read here, pdf) that’s appropriate for an “active” investor, detailing his stock purchases, and noted an agreement to not try to purchase more than 14.9 percent of Twitter’s shares. Now Elon is Twitter’s second-largest shareholder
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