Twitter Board Says It Plans to ‘Enforce’ Musk Merger Agreement

Bloomberg
Bloomberg5/18/2022 8:38 AM GMT+08  • 1 min read
Twitter Board Says It Plans to ‘Enforce’ Musk Merger Agreement
In the ongoing Twitter-Elon Musk saga, Twitter's board says it plans to enforce Musk's merger agreement
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Twitter Inc.’s board said it plans to enforce its US$44 billion agreement to be bought by Elon Musk, saying the transaction is in the best interest of all shareholders.

“We intend to close the transaction and enforce the merger agreement,” the board said Tuesday in a statement to Bloomberg News. Directors voted earlier to unanimously recommended that shareholders approve Musk’s US$54.20-a-share offer.

The board’s statement comes as Musk appears to be maneuvering to ditch or renegotiate his offer.

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