Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees.
Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday.
Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below his offering price, signaling considerable doubt that it will happen.
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On Tuesday at the Qatar Economic Forum in an interview with Bloomberg, Musk listed the approval of the deal by shareholders as one of several “unresolved matters” related to the Twitter deal.
Shares of Twitter Inc. were essentially flat just before the opening bell Tuesday and far short of the $54.20 per-share that Musk has offered to pay for each. The company’s stock last reached that level on April 5 when it offered Musk a seat on the board before he had offered to buy all of Twitter.
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In a filing with the U.S. Securities and Exchange Commission detailing on Tuesday detailing a litter to investors, Twitter’s board of directors said that it “unanimously recommends that you vote (for) the adoption of the merger agreement.” If the deal were to close now, investors in the company would pocket a profit of $15.22 for each share they own.
‘Ring up Dhoni, don’t let anyone influence your decision’: AUS great tells Pant
Rishabh Pant made his debut as India’s captain in the recently concluded five-match T20I series against South Africa. There were questions raised over his ability to lead when India went 2-0 down in the series and even after they managed to make a comeback and level the series, there were still doubts over his place in the team altogether due to his poor batting form. Former Australia spinner Bradd Hogg, however has said that Pant should either ring up former skipper MS Dhoni or speak to KL Rahul, who was initially slated to captain India in the series before an injury ruled him out.
Rahul Dravid joins India camp ahead of postponed fifth Test vs England
India head coach Rahul Dravid has joined with the rest of the squad ahead of the postponed fifth Test against England at the Leicestershire County Cricket Club, the tourists’ base of operations for the week. The match, which is part of the five-Test series that was played last year, is scheduled to begin on July 1. Dravid had previously been with the T20I squad led by Rishabh Pant during India’s five match series at home against South Africa while the Test squad, which consists of all-format regulars such as full-time captain Rohit Sharma, Virat Kohli and Jasprit Bumrah, travelled to England before the end of the series.