Voice of America
22 Jun 2022, 00:35 GMT+10
New York - 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.
Shares rose about 3% to $38.98 before the opening bell Tuesday, far short of the $54.20 per-share that Musk has offered for each share. 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.
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.
Get a daily dose of Iraq Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iraq Sun.
More InformationALBANY, New York: A New York state judge has struck down a recent law giving 800,000 non-citizen New York City ...
DUBAI, UAE: The Arab states have built significant amounts of solar and wind power installations, and are in line to ...
LONDON, England: A second referendum on Scottish independence is set to be held in October 2023. The Scottish government, led ...
LISBON, Portugal: Tuvalu Foreign Minister Simon Kofe walked out of the opening cermonies of this week's United Nations Ocean Conference ...
SULAWESI, Indonesia: Using just a rope, an Indonesian man, supported by fellow villagers on the island of Sulawesi, captured a ...
WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...
WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...
ABU DHABI, 1st July, 2022 (WAM) -- UAE residents felt a 6.3 magnetite quake that jolted South Iran on Saturday at ...
BLAST announced that this year's Premier World Final will be staged in Abu Dhabi, UAE. The world championship will be ...
Washington [US], July 1 (ANI): The United States has accused several companies and research institutes in China of supporting Russia's ...
Abu Dhabi [UAE], July 1 (ANI/Xinhua): President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan on ...
Doha [Qatar], July 1 (ANI): FIFA has announced that semi-automated offside technology will be used at the FIFA World Cup ...