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Twitter Shareholders Discuss Musk’s Bid Despite Lawsuit

Photo: ANP

Twitter will hold a shareholders’ meeting on September 13 in which the proposed $44 billion takeover bid from Tesla boss Elon Musk is on the agenda, the social media company reports. Musk has now withdrawn his takeover offer, but Twitter hopes to arrange through the courts that the deal still goes through.

At the meeting, shareholders will be asked to approve the proposed compensation that Twitter must pay certain directors if the buyout by Musk goes through. Twitter shareholders will be entitled to $54.20 per share if the deal goes through, Twitter said.



Twitter Shareholders Discuss Musk’s Bid Despite Lawsuit
Source link Twitter Shareholders Discuss Musk’s Bid Despite Lawsuit

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