Todd Henderson on the Twitter deal
University of Chicago Law School professor Todd Henderson said a “no” vote by Twitter shareholders is the only factor that he anticipates could derail the deal, though that seems unlikely.
On the other hand, he points to Twitter’s share price, trading at a wide arbitrage spread, around $49 on Tuesday, as an indication that there’s some market hesitation about the deal going through.
“The market must think there is some risk of non-consummation,” Henderson said, noting Musk’s history of making unsubstantiated public statements. “It is unlikely this is regulatory.”