Elon Musk wants to buy out Twitter for $54.20 per share. $TWTR up 13% pre-market.

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by ZiRoRi

Sources:

Link to Tweet

Link to Bloomberg

Link to full SEC 13D

ELON MUSK SAYS ON APRIL 13, 2022, DELIVERED A LETTER TO TWITTER THAT CONTAINED A NON-BINDING PROPOSAL – SEC FILING.

ELON MUSK – PROPOSED TO ACQUIRE ALL OF TWITTER STOCK NOT OWNED BY THE REPORTING PERSON FOR ALL CASH CONSIDERATION VALUING STOCK AT $54.20 PER SHARE.

Do note that he also said:

ELON MUSK SAYS HE BELIEVES THAT TWITTER SHOULD BE PRIVATE TO GO THROUGH THE CHANGES THAT NEED TO BE MADE

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***ELON MUSK, ON TWITTER PROPOSAL, SAYS IF THE OFFER IS NOT ACCEPTED, “I WOULD NEED TO RECONSIDER MY POSITION AS A SHAREHOLDER”.

$TSLA Tesla is down 1%+ pre-market after news of his offer.

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