Twitter’s board has unanimously recommended that shareholders approve the proposed $44 billion sale of the company to the billionaire and Tesla CEO Elon MuskAccording to a regulatory filing on Tuesday.
Musk reiterated his desire to move forward with the acquisition during a virtual meeting last week twitter employeeAlthough . shares of Twitter Stay well below your offer price, a sign of considerable doubt that this will happen.
The stock rose nearly 3% to $39 before the opening bell on Tuesday, which is what Musk offered for $54.2 for each share. The company’s stock last reached that level on April 5 when it offered Musk a seat on the board, before offering to buy all of Twitter.
In a filing with the US SEC on Tuesday detailing the litter to investors, Twitter’s board of directors said it “unanimously recommends that you vote to adopt the merger agreement.” Had the deal closed now, the company’s investors would have made a profit of $15 for each share.
Musk said there are some unresolved issues, including debt sharing and spam users. “We are still waiting for a solution, and this is a very important matter,” he said, reiterating doubts over Twitter’s claims that spam accounts accounted for less than 5% of monetized daily active users.
Musk reiterated his desire to move forward with the acquisition during a virtual meeting last week twitter employeeAlthough . shares of Twitter Stay well below your offer price, a sign of considerable doubt that this will happen.
The stock rose nearly 3% to $39 before the opening bell on Tuesday, which is what Musk offered for $54.2 for each share. The company’s stock last reached that level on April 5 when it offered Musk a seat on the board, before offering to buy all of Twitter.
In a filing with the US SEC on Tuesday detailing the litter to investors, Twitter’s board of directors said it “unanimously recommends that you vote to adopt the merger agreement.” Had the deal closed now, the company’s investors would have made a profit of $15 for each share.
Musk said there are some unresolved issues, including debt sharing and spam users. “We are still waiting for a solution, and this is a very important matter,” he said, reiterating doubts over Twitter’s claims that spam accounts accounted for less than 5% of monetized daily active users.