twitter board of directors, Elon Musk $44 billion acquisition He wants his proposal to be approved by the company’s shareholders. The board of directors, who wanted investors to support the deal, pointed out that the same offer was valid despite the decline in shares.
From Twitter management to investors: Stocks are falling, hurry
According to a document submitted to the US Securities and Exchange Commission the other day, Twitter’s board of directors made a special call to shareholders to complete the acquisition. In its statement in the report, the board asked for a unanimous vote to accept the agreement.
Interesting Twitter statement from Elon Musk: You have to listen to me
Elon Musk doesn’t mind being Twitter CEO. Musk stated that Twitter employees should listen to him.
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Twitter shareholders unanimous agreement has not been reached yet to complete the acquisition. However, Elon Musk suspended the agreement due to bots and spam accounts. So even if the shareholders accept the offer, the acquisition may not happen immediately. Still, Twitter’s board made an open appeal to shareholders.
The company’s board of directors also discussed some conditions regarding the offer. For example, he recommended that shareholders be deferred compensation to senior executives and additional power of attorney.
Currently trading at $38.12 Twitter’s share priceIt should not be overlooked that Musk’s $54.20 offer is well below. After the drop in shares, the market value of the company also fell below $ 30 billion. As a result, the $44 billion acquisition will be beneficial for all shareholders.
But the platform bot and spam account issue The purchase is currently on hold. But earlier this month, Musk was given full access to the tweet stream to control accounts on the platform. Still, Musk stated in his latest statement that there are still “unresolved issues”.
Twitter previously number of bots and spam stated that they make up less than 5 percent of its active users. Not convinced by this figure, the Tesla CEO said that the analysis method was “inadequate” and “must do his own analysis”.
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