“Based on Twitter’s behavior to date, and the company’s latest correspondence in particular, Mr. Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement. This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement.”
Fun fact: the company Elon is using Skadden, Arps, Slate, Meagher & Flom LLP, which is the same outfit Alfa Bank used to battle the RussiaGate bs.
N(h/t: Hans Mancke on Twitter)