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0 pointslkramer3mo ago0 comments

According to the article, there is a defence invoking that exact sentiment if a merger is about to be blocked, bu iRobot decided not to invoke it (likely because it would have caused the price to be lower).

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gizmondo3mo ago

Why the price would be lower? Presumably the price was already agreed upon. Having a provision in the contract that the price is reduced if this argument is made to the antitrust authorities makes no sense.

I now realized that I recently saw some old tweets from this guy where he first opposed this merger and then celebrated the cancellation of the deal. So it seems he's just grasping at straws to look less like an idiot.

overfeed3mo ago

> Why the price would be lower?

Renegotiate the deal by threatening to walk away - or actually walking away[1] and buying the pieces from the bankruptcy sale.

1. Which Musk tried and failed to do when Twitter sued for specific performance. I suspect a company that's going out of business is far less fiesty.

gizmondo3mo ago

But they can do that regardless of what arguments the company makes to the antitrust authorities.

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gizmondo3mo ago

overfeed3mo ago

> Why the price would be lower?

Renegotiate the deal by threatening to walk away - or actually walking away[1] and buying the pieces from the bankruptcy sale.

1. Which Musk tried and failed to do when Twitter sued for specific performance. I suspect a company that's going out of business is far less fiesty.

gizmondo3mo ago

But they can do that regardless of what arguments the company makes to the antitrust authorities.

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j / k navigate · click thread line to collapse