According to a monitoring report released by the company on Tuesday, the board of directors of Twitter company unanimously recommended the $ 44 billion offer of a bid made by Ilan Musk, the CEO of the American billionaire Tesla, to the shareholders.
Musk reiterated his desire to continue buying Twitter during a teleconference meeting with company employees last week, although Twitter shares are still well below the offer price, indicating major doubts about completing the deal.
In an interview with Bloomberg News on Tuesday, Musk announced that shareholders had agreed to the deal as one of several “unresolved issues” related to the sale of Twitter.
Shares of Twitter stabilized significantly before trading on Tuesday, falling to less than $ 54.20 per share that Mask had offered to pay.
The last time Twitter stock reached that level was on April 5, when Musk offered to join the board before buying the entire company.
“The Twitter board unanimously recommends that you vote to approve the merger agreement,” said a report by the US Sukuk and Exchange Commission, which released details of a letter sent to investors on Tuesday.
If the deal goes through now, the company’s investors will receive a $ 15.22 dividend for each share they hold.
Source: Lebanon Debate
