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BRIEF-Elon Musk Says Seeking To Negotiate A Definitive Agreement For The Acquisition Of Twitter

Reuters2022-04-21

April 21 (Reuters) - Twitter Inc :

* ELON MUSK - IS SEEKING TO NEGOTIATE A DEFINITIVE AGREEMENT FOR THE ACQUISITION OF TWITTER

* ELON MUSK - IS PREPARED TO BEGIN SUCH NEGOTIATIONS IMMEDIATELY WITH TWITTER

* ELON MUSK - TWITTER HAS NOT RESPONDED TO THE PROPOSAL

* ELON MUSK- INTENDS TO REVIEW HIS INVESTMENT IN TWITTER ON A CONTINUING BASIS

* ELON MUSK - TO FINANCE PROPOSED TRANSACTION OR A POTENTIAL OFFER, ENTITIES RELATED TO MUSK HAVE RECEIVED COMMITMENT LETTERS COMMITTING TO PROVIDE ABOUT $46.5 BILLION

* ELON MUSK - EXPLORING WHETHER TO COMMENCE A TENDER OFFER TO ACQUIRE ALL SHARES OF TWITTER'S COMMON STOCK AT $54.20/SHARE, NET TO SELLER IN CASH

* ELON MUSK- HAS NOT COMMENCED, OR DETERMINED TO COMMENCE, ANY TENDER OFFER FOR SHARES OF TWITTER

* ELON MUSK REPORTS 9.1% STAKE IN TWITTER AS APRIL 20, 2022 - SEC FILING

* ELON MUSK - RECEIVED DEBT COMMITMENT LETTER OF $13 BILLION, DATED APRIL 20, 2022 FROM MORGAN STANLEY SENIOR FUNDING, INC. AND CERTAIN OTHER FINANCIAL INSTITUTIONS

* ELON MUSK - RECEIVED SEPARATE DEBT COMMITMENT LETTER, DATED APRIL 20, 2022 FROM MORGAN STANLEY SENIOR FUNDING, INC. & CERTAIN OTHER FINANCIAL INSTITUTIONS

* ELON MUSK - UNDER EQUITY COMMITMENT LETTER, DATED APRIL 20 COMMITTED TO PROVIDE EQUITY FINANCING FOR PROPOSED DEAL OF TWITTER, CURRENTLY EXPECTED TO BE ABOUT $21 BILLION

* ELON MUSK - UNDER DEBT COMMITMENT LETTER, DATED APRIL 20, MARGIN LOAN COMMITMENT PARTIES COMMITTED TO PROVIDE $12.5 BILLION

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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    ·2022-04-21
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