Twitter Shares Could Drop to $11/Share Without Deal, Analyst Says

Seeking Alpha2022-07-11

Twitter (NYSE:TWTR) shares could see downside to $11/share if Elon Musk's $44 billion deal to acquire the company doesn't happen, according to a Rosenblatt analyst.Twitter (TWTR), whose shares slumped...

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Comments

  • hphoa
    2022-07-12
    hphoa
    Good 
  • Jess261
    2022-07-12
    Jess261
    Okay
  • RS142
    2022-07-12
    RS142
    Too bad
  • Shirley Soh
    2022-07-12
    Shirley Soh
    Okay
  • keegs
    2022-07-12
    keegs
    Will the rocket man bring twitter to the moon, or break its wings. Stay tuned to find out [LOL] 
  • robot1234
    2022-07-12
    robot1234
    Twitter says Musk’s request to terminate the deal is invalid. Twitter’s lawyers said in a letter on Monday that Elon Musk’s effort to terminate the acquisition is “invalid and wrongful.” Since agreeing to buy Twitter earlier this year, Musk has been trying to get out of the deal. Musk’s attorneys claimed in Friday’s letter that Twitter breached its obligations related to the acquisition by allegedly failing to provide Musk with the information necessary to calculate the number of spam accounts on the service.Twitter shares plunged 11% on Monday to $32.65. They’re now trading 40% below the price of $54.20 that Musk agreed to pay in April, and have dropped about 33% since the deal was announced.
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