DeSantis to Hold Twitter Board Accountable for ‘Breaching Fiduciary Duty’ by Rejecting Musk Takeover Bid

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Florida Gov. Ron DeSantis waded into Elon Musk’s Twitter buyout saga on Tuesday, saying that Florida would look into holding Twitter’s board of directors accountable for breaching their fiduciary duties after its members adopted a “poison pill” tactic to thwart Musk’s takeover attempt.

DeSantis made the remarks at a press conference in The Villages, Florida, in the context of a discussion on a higher education reform bill that he signed into law on Tuesday.

“We’re going to make sure that our institutions of higher education are committed to excellence, not ideology,” DeSantis said, with measures introduced by the bill (SB 7044) including a requirement for lists of instructional materials to be posted at least 45 days before the first day of class and be searchable and downloadable, for instance, by parents wishing to monitor the content of classroom materials their children are exposed to.

DeSantis then segued into commenting on Musk’s recent offer to buy all outstanding Twitter common stock at a premium of around 20 percent above market value, a deal estimated to be worth around $43 billion.

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