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Twitter accepts Elon Musk's 44 billion USD takeover bid.pdf

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Elon Musk, CEO of Tesla, is turning Twitter private. Twitter’s board of directors stated that, after originally opposing the deal, they had accepted Musk’s bid to acquire the firm for 54.20 USD per share, valuing it at almost 44 billion USD.

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4/27/22, 3:57 PM Twitter accepts Elon Musk's 44 billion USD takeover bid https://enterprisetalk.com/quick-bytes/twitter-accepts-elon-musks-44-billion-usd-takeover-bid/ 1/1 Twitter accepts Elon Musk’s 44 billion USD takeover bid Elon Musk, CEO of Tesla, is turning Twitter private. Twitter’s board of directors stated that, after originally opposing the deal, they had accepted Musk’s bid to acquire the firm for 54.20 USD per share, valuing it at almost 44 billion USD.  The board unanimously authorized the deal, which is scheduled to be finalized this year. Only ten days prior, the board unanimously approved a plan to thwart Musk’s unsolicited proposal. Musk or anyone else would have triggered the shareholder rights plan if they acquired 15% or more of Twitter’s outstanding common stock.  At that time, the board would offer additional stock to existing shareholders at a discount, effectively diminishing Musk’s interest in the company. Read More: https://www.zdnet.com/article/twitter-accepts-elon-musks-44-billion-buyout/ Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News. ET Bureau http://enterprisetalk.com By ET Bureau - April 26, 2022

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  • 1. 4/27/22, 3:57 PM Twitter accepts Elon Musk's 44 billion USD takeover bid https://enterprisetalk.com/quick-bytes/twitter-accepts-elon-musks-44-billion-usd-takeover-bid/ 1/1 Twitter accepts Elon Musk’s 44 billion USD takeover bid Elon Musk, CEO of Tesla, is turning Twitter private. Twitter’s board of directors stated that, after originally opposing the deal, they had accepted Musk’s bid to acquire the firm for 54.20 USD per share, valuing it at almost 44 billion USD.  The board unanimously authorized the deal, which is scheduled to be finalized this year. Only ten days prior, the board unanimously approved a plan to thwart Musk’s unsolicited proposal. Musk or anyone else would have triggered the shareholder rights plan if they acquired 15% or more of Twitter’s outstanding common stock.  At that time, the board would offer additional stock to existing shareholders at a discount, effectively diminishing Musk’s interest in the company. Read More: https://www.zdnet.com/article/twitter-accepts-elon-musks-44-billion-buyout/ Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News. ET Bureau http://enterprisetalk.com By ET Bureau - April 26, 2022