Twitter Board Unanimously Approves Elon Musk Takeover - IGN
Elon Musk's takeover of Twitter is one step closer to being completed after Twitter's board unaminously voted to approve the pending deal. The proposal will now go to the social media giant's shareholders, who will vote on whether to approve the deal at a special stockholders meeting, according to a new Securities and Exchange Commission [SEC] filing uncovered by TechCrunch.
The meeting, which will be held before the end of the year, will allow shareholders to determine whether to approve Musk's $44 billion offer. If they do, Twitter shareholders will be entitled to $54.20 in cash for each share of the stock they own, which was the amount at which it was valued on the last full trading day before Musk disclosed his nine percent stake.
In the filing, Twitter's …
More on: www.ign.com