*Twitter Shareholders Approve Elon Musk’s $44 Billion Buyout.
Twitter Inc. shareholders approved billionaire Elon Musk’s proposed $44 billion buyout, paving the way for a trial next month to determine the disputed deal’s fate.
A majority of Twitter shareholders voted in favor of accepting Musk’s $54.20-a-share offer to acquire the social-networking company, a bid he made in April and has since sought to rescind. Twitter’s board -- along with two prominent advisory firms -- had encouraged investors to ratify the deal. The company’s shares are trading at $41.70, well below Musk’s proposed price.
HERE WE GO
Twitter Inc. shareholders approved billionaire Elon Musk’s proposed $44 billion buyout, paving the way for a trial next month to determine the disputed deal’s fate.
A majority of Twitter shareholders voted in favor of accepting Musk’s $54.20-a-share offer to acquire the social-networking company, a bid he made in April and has since sought to rescind. Twitter’s board -- along with two prominent advisory firms -- had encouraged investors to ratify the deal. The company’s shares are trading at $41.70, well below Musk’s proposed price.
HERE WE GO