Elon Musk Offers To Buy 100% Of Twitter For $54.20/shr

Elon Musk, on Wednesday, has delivered a letter to Twitter Inc. (TWTR) which contained a non-binding proposal to acquire all of the outstanding common stock of Twitter not owned by Elon Musk for all cash consideration valuing the common stock at $54.20 per share. If the proposed transaction is completed, the common stock would become eligible for termination of its registration, and would be delisted from the NYSE. Elon Musk has engaged Morgan Stanley as its financial advisor.

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