TWitters According to a regulatory filing on Tuesday, the board unanimously recommended that shareholders approve the company’s proposed $ 44 billion sale to billionaire and Tesla CEO Elon Musk.
Musk reiterated his desire to proceed with the acquisition in a virtual meeting with Twitter employees last week, but Twitter’s share is well below his offer price, and it’s quite possible that it will happen. Shows suspicion.
In an interview with Bloomberg at the Qatar Economic Forum on Tuesday, Musk cited shareholder approval of the transaction as one of several “open issues” related to Twitter transactions.
Twitter Inc. shares were basically flat shortly before Tuesday’s opening bell, well below $ 54.20 per share that Mask offered to pay for each. The company’s share price finally reached that level on April 5, when Musk offered a board seat before buying all of Twitter.
“We unanimously recommend voting for the adoption of the merger agreement,” Twitter’s board of directors said on Tuesday when it submitted the details of the waste to investors to the US Securities and Exchange Commission. If the deal closes now, the company’s investors will have a profit of $ 15.22 per share they own in their pocket. MDT / AP
