Like, this is WHY acquisitions are PRIME TARGETS for insider trading: if you know an acquisition is going to occur before the market, you can buy a ton of the stock with a " guaranteed" ability to sell higher.
Elon is a fucking retard. There are literally thousands of examples of this that you could speak on authoritatively. I don’t understand why people with no understanding of the most fundamental concepts of acquisitions would choose the specific point of a 20% buyout premium as evidence of his idiocy. 20% is a very very acceptable premium.