Evan Tindell thinks Elon Musk will close the Twitter acquisition

Evan Tindell, CIO of Bireme Capital, discusses the circus that is the Elon Musk and Twitter merger agreement and explains why he thinks Delaware law and precedent suggest Elon would lose in court and be forced to close the merger on terms.My piece on Twitter: https://yetanothervalueblog.substack.com/p/twitter-the-circus-will-have-a-happy?s=wThis podcast was taped afternoon of May 23; things are moving quickly so just time stamping that!Chapters0:00 Intro2:15 Twitter overview6:45 Why bot followers do not equal mDAUs8:00 Why is Twitter mispriced right now?12:40 Specific performance versus the $1 billion break fee18:30 Defining a material adverse event (MAE)26:25 The LVMH / TIF parallels 30:00 Why Elon should avoid going to court in Delaware35:45 Could Elon actually get out of this deal on a bot miscount?38:25 Does Elon waiving DD hurt him in a potential court case?42:35 How risky will discovery be for Twitter?46:55 Elon's financing risk / what price does the TSLA margin call happen?50:15 Can Elon walk if Tesla stock blows up?53:40 Will TWTR's board fold?1:01:00 What if Elon losses and still refuses to perform?1:03:45 Potential for an activist like Carl Icahn to get involved1:06:00 Why a mediation and slight price cut might be the most likely outcome1:09:50 What's the downside if Twitter loses?1:13:00 Event path odds