Renegotiate

Elon Musk's recent highly public back and forth with Twitter has given the market whiplash.Twitter, while initially resisting the tycoon, went on to sign an agreement with him worth $44 billion (roughly Rs. 3,51,550 crore) in April 2022.The deal placed a 38 percent premium on Twitter's then-share price. While the market would expect value to be added on a deal like this, more recent events have pushed the premium up even further. This will not benefit shareholders on either side.Much has changed since Musk's April offer.…

United Airlines and its pilots' union are going back to the negotiating table for a new contract, a setback for the carrier after it was the first to reach a tentative agreement since the pandemic started.The United branch of the Air Line Pilots Association acknowledged Wednesday that the current agreement "fell short" of some pilots' expectations.The tentative agreement, which included 14% raises within 18 months, was first unveiled on June 24. Voting by rank-and-file pilots was set to close this Friday."Management has…

Twitter shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion(roughly Rs. 3,37,465 crore) on April 25, raising questions over whether the world's richest person will try to renegotiate the deal.On Tuesday, the implied probability of the deal closing at the agreed price fell below 50 percent for the first time, when Twitter shares dropped below $46.75 (roughly Rs. 3,600). That is halfway between the deal price and the price of the shares before Musk…