The Twitter exec team & board is between a rock and a hard place.
If they take the offer, half the exec team (or the entire exec team) will be axed (Musk already indicated he's not happy with management in the SEC letter [1]).
If they reject the offer, they will be drowning in lawsuits due to not filling their fiduciary duty (getting a good deal for their shareholders [2]).
They can hire bankers to try and find an investor who is 'management friendly'. Although, honestly, I can't see why any investor would really respect them given TWTR's performance.
If they reject the offer, they will be drowning in lawsuits due to not filling their fiduciary duty (getting a good deal for their shareholders [2]).
[1] https://www.sec.gov/Archives/edgar/data/1418091/000110465922...
[2] https://twitter.com/elonmusk/status/1514718700674306052