Twitter board approves $44 billion acquisition of Musk
Posted: Fri Aug 12, 2022 4:32 am
Executive Board (Board) of Twitter Company It unanimously approved a $44xo walletbillion share sale to billionaire Tesla founder Elon Musk, according to details the company filed with regulators on Tuesday in U.S. time.
Musk reiterated his intention to continue acquiring Twitter last week. During online meetings with employees of this leading social media company although at this time Twitter's share price will be below its bid price. causing people to suspect What will happen after this?
and on tuesday Twitter's share price rose 3 percent to $38.98 a share in the morning. It closed on the day of $38.91, which is still much below the $54.20 level Musk offered to buy.
The last time the company's share price hit the same levels Musk had proposed was on April 5, the day the company offered the billionaire to join the company's board of directors. and before he offered to buy the whole company
In a document filed by Twitter with the U.S. Securities and Exchange Commission (SEC) on Tuesday, its board said its board members "unanimously recommend that you (shareholders) vote. accept the merger agreement.
And if Musk's Twitter acquisition offer is finalized today Investors will earn $15.29 per share ever.