Today, Friday, Twitter’s board of directors announced that it will act once morest a purchase offer by the American billionaire Elon Musk.
Today, Friday, the company approved a shareholder equity plan to protect itself from Musk’s $43 billion cash takeover offer.
The American billionaire had offered to buy Twitter, just days following announcing his refusal to continue to be a member of Twitter’s board of directors.
Buy the remaining shares
For its part, Twitter reported yesterday, Thursday, that Musk, who currently owns regarding 9% of its shares, making him the largest shareholder in the company, submitted a letter to the company on Wednesday containing a proposal to buy the remaining shares in Twitter, which he does not own. He offered $54.20 per share.
“I invested in Twitter because I believe it can be a platform for freedom of expression around the world, and I believe that freedom of expression is a societal necessity for an effective democracy, however I now realize that the company will not thrive and will not serve that societal necessity in its current form, as it needs to transform into a private company,” he said. “.
