Is Twitter going to spend the next few years litigating this just to force someone to buy the company that doesn't want to? Elon's team can drag this on and on.
What will happen to the value of Twitter's stock in the meantime? What will happen to the value of working at Twitter? It'll become a zombie company.
The only option for Twitter to continue existing is to sue Musk for the amount he promised.
Stock price = "stock price without Elon owning it" + "Elons premium" * "likelihood of Elon losing the lawsuit and being forced to buy the company"
That likelihood should never be less than 0, so I think this legal fight would only help the twitter stock price.
I guess I am assuming that the "true price" is actually lower than what Elon offered for it.