On April 1st, the richest person in the world offered to afford Twitter Company in a deal valued at $43B and would pay 54$ per share in cash, which was 38% higher than the real price of a share on that day with only around 39$.
The reason why the Twitter boards feel unwelcomed by Elon Musk’s takeover offer is possible because Elon Musk rigorously lambastes the current company’s management department. In particular, he thinks that Twitter is dying under the terrible management strategy and he is the only one who can revive the communication platform used daily by more than 200M people.
If Elon Musk completely takes control of Twitter, there will probably be a huge staff-replacement campaign to be implemented. Indeed, this is found to be what extremely fears the Twitter BOD.
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