Elon Musk needs an exit from his ill-timed Twitter bid - Sydney Morning Herald

You don’t have to look hard for the reason for Elon Musk’s decision to put his $US44 billion bid for Twitter “temporarily on hold.” A check on two share prices would do the trick.

There was reportedly a trigger in the covenants for the margin loan that would force its repayment or perhaps enable the banks to seize and sell the underlying Tesla shares pledged as collateral if t… [+4565 chars]

full article...