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Elon Musk said on Tuesday that there are various issues to complete his $44 billion Twitter-takeover bid, Bloomberg reported.
The Twitter board urged shareholders to approve the proposal of Elon Musk to takeover 100% of the company for $44 billion, Daily Mail reported on Tuesday.
Musk asserted his will to takeover the social media company last week during a virtual meeting with Twitter employees, however, the shares of Twitter are still below his offering price.
The company’s shares jumped by 3% to record $38.98 before the opening bell Tuesday. While Musk’s offer included that the price of the share would be $54.20 per share.
Twitter’s board of directors expressed that it “unanimously recommends that you vote (for) the adoption of the merger agreement.”
If the investors and shareholders accept the deal right now, they would profit $15.22 for each share.
