Schulte Roth & Zabel partner Eleazer Klein spoke to Barron’s about Elon Musk’s potential options if Twitter rejects his $43 billion acquisition of the company. Klein said, “The question is what Twitter will find out. They may find out there is no committed financing for the offer and if so, may not engage with him.” Klein expressed that Musk could switch to a tender offer, in which he would buy shares from other stockholders. Reports say the company is considering that option — which would prevent Musk from boosting his stake in the company, Klein said. Companies take action to prevent or discourage hostile takeovers. Musk, however, could still try to use the tender offer to his advantage. If he gets enough shareholder support, he could claim that Twitter is standing against the will of its stockholders, Klein said. To read the article, click here.

Schulte Roth & Zabel partner Eleazer Klein spoke to The New York Times regarding Elon Musk’s recent investment in Twitter. Discussing Musk’s unique approach from an activism perspective, Klein said, “This is not typical activism or, frankly, anything like activism that we’ve seen before. Elon Musk doesn’t do things that people have seen before.” To read the article, click here.