Twitter�s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday.
Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below his offering price, signaling considerable doubt that it will happen.
Shares rose about 3% to $38.98 before the opening bell Tuesday, far short of the $54.20 per-share that Musk has offered for each share. The company�s stock last reached that level on April 5 when it offered Musk a seat on the board before he had offered to buy all of Twitter.
In a filing with the U.S. Securities and Exchange Commission detailing on Tuesday detailing a litter to investors, Twitter�s board of directors said that it �unanimously recommends that you vote (for) the adoption of the merger agreement.� If the deal were to close now, investors in the company would pocket a profit of $15.22 for each share they own.
(AP)
Join the official YWN WhatsApp status
One Response
it would have been better if there was a “Nay”…..all this money on Leshon Hora, his own transgender twin a girl….yup….Hashem , has shown one Ace……use your own minds….money will become dust