Structuring Structure Q1. 5 How is the offer (for the target firm shareholders) structured? Structure Q2. 10 How is the funding structured? % of source $ % Bank & subordinated loans to Twitter Equity Investors Musk Total Structure Q3. 10 Why is the total funding > the deal offered? (Hint: why do you want to take a M&A course, purely to help your co. as an acquirer/target?) -100.00% Structure Q4. 5 Musk's funding is based on sales and collateral of Tesla's shares, why was the deal not structured with an exchange of Tesla's shares?