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The Twitter board on Tuesday made it clear they want Elon Musk to take charge of the social media giant. They filed a document with the U.S. Securities and Exchange Commission that “unanimously recommends that you vote (for) the adoption of the merger agreement."
That agreement is worth $44 billion.
Furthermore, the board recommended that shareholders approve “the compensation that will or may become payable by Twitter to its named executive officers in connection with the merger”.
As of Tuesday morning, BetOnline odds for the Musk/Twitter takeover were:
Twitter Share Price on June 30th
Under 37.5 $
12:40 AM
Over 37.5 $ -120
Under 37.5 $ -120
Dec 31 Sat 2022
Musk Twitter Takeover Share Price
Under 41.5 $ -120
Over 41.5 $ -120
Jan 1 Sun 2023
Elon Musk Twitter Takeover
No -275
Yes +185
Twitter's stock price was up 2.44% to $38.70 on the news.
Musk said on Tuesday there were still three “unresolved matters” that will need solving before he can move forward with the takeover. They were: Fake accounts, financing and shareholder approval.
Investors are expected to vote on the deal in late July or early August.
- Chris Costigan, Gambling911.com Publisher
