Twitter Shares Surged 12% after Musk Offered To Buy Twitter For $54.20 Per Share In Cash

Tiger Newspress2022-04-14

Twitter shares surged 12% after Musk offers to buy Twitter for $54.20 per share in cash.Elon Musk has offered to buy Twitter for $54.20 per share in cash, according to an updated 13D filing, Bloomberg News reports.

Musk offered to “acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share.”

The offer letter was disclosed in an SEC filing. Here is the letter:

Bret Taylor

Chairman of the Board,

I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.

However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential. I will unlock it.

/s/ Elon Musk

Elon Musk

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Joyus
2022-04-14
Joyus
👍
Kk66
2022-04-14
Kk66
Wow
GabbieTeo
2022-04-14
GabbieTeo
When it does not go through, twitter gg to to go down..
Jazling
2022-04-14
Jazling
Wow
james_l
2022-04-14
james_l
Incredible
Donkie
2022-04-14
Donkie
Dun mess with Elon[Surprised] [Surprised]

Leave a comment

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