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Twitter–Elon Musk Saga: What’s Next in the Takeover Battle?

Started by Epoch-Times-Bot, Oct 12, 2022, 04:00 PM

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Epoch-Times-Bot

Oct 12, 2022, 04:00 PM
Twitter–Elon Musk Saga: What's Next in the Takeover Battle?

Tesla CEO Elon Musk will have until Oct. 28 to finish his $44 billion acquisition of Twitter if he wishes to avoid a trial, a Delaware judge recently ruled.
Twitter shares have rallied beyond $50 on the news, as investors anticipate that the takeover is nearing completion. If so, this would offer new traders roughly an 8 percent upside since Musk proposed to purchase the social media company at $54.20 per share.
But if Musk’s purchase is nearing completion, why is the stock still trading below the deal value?
The fact that Twitter’s stock has not hit this level “may be one indicator that there’s some doubt,” says Ali Mogharabi, a senior analyst at Morningstar. "I don’t necessarily think there’s much else for the investors to focus on than just basically having the deal closed."...

Source: Twitter–Elon Musk Saga: What's Next in the Takeover Battle?

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