Twitter / Musk

A fairness opinion for a deal the buyer tried to walk away from — read it next to the litigation to see where the analysis held up.

38 sections, 148,696 words.

  1. Transaction Summary11,098 words
  2. Questions and Answers7,819 words
  3. Forward-looking Statements858 words
  4. The Special Meeting4,100 words
  5. The Merger1,082 words
  6. Background of the Merger23,801 words
  7. Reasons for the Merger2,921 words
  8. Opinion of Goldman Sachs & Co. LLC585 words
  9. The merger agreement586 words
  10. Summary of Material Financial Analysis2,476 words
  11. EV/NTM EBITDA3,217 words
  12. Opinion of J.P. Morgan Securities LLC6,392 words
  13. Interests of Twitter’s Directors and Executive Officers in the Merger5,435 words
  14. Appraisal Rights4,720 words
  15. Material U.S. Federal Income Tax Consequences of the Merger6,256 words
  16. Proposal 1: Adoption of the Merger Agreement98 words
  17. Proposal 2: Approval, on a Non-binding, Advisory Basis, of Certain Merger-related…452 words
  18. Proposal 3: Adjournment of the Special Meeting274 words
  19. The Merger Agreement15,296 words
  20. Security Ownership of Certain Beneficial Owners and Management1,450 words
  21. Future Stockholder Proposals226 words
  22. Where You Can Find More Information627 words
  23. Miscellaneous176 words
  24. ANNEX A – Agreement and Plan of Merger2,055 words
  25. Article I Definitions4,417 words
  26. Article II the Merger489 words
  27. Article III Effect of the Merger on Capital Stock4,158 words
  28. Article IV Representations and Warranties of the Company5,176 words
  29. Reserved98 words
  30. Reserved4,103 words
  31. Article VI Covenants and Agreements13,586 words
  32. Article VII Conditions to the Merger534 words
  33. Article VIII Termination, Amendment and Waiver2,652 words
  34. Article IX General Provisions2,952 words
  35. Waiver of Jury Trial1,181 words
  36. ANNEX B – Section 262 of the Delaware General Corporation Law3,410 words
  37. ANNEX C – Opinion of Goldman Sachs & Co. LLC1,870 words
  38. ANNEX D – Opinion of J.P. Morgan Securities LLC2,070 words

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