Twitter (TWTR) Board of Directors will carefully review proposal from Elon Musk
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April 14, 2022 11:41 AM EDT
Twitter (NYSE: TWTR) Erases Gain, Goes Red Despite Musk Offer
Shares were up 12% earlier
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April 14, 2022 11:09 AM EDT
Jefferies analyst Brent Thill reiterated a Hold rating and $48.00 price target on Twitter, Inc. (NYSE: TWTR).
The analyst comments "There is downside risk to the stock if TWTR rejects the $54.20 offer. In his brief letter, Musk highlighted that his offer is final and there will be no "back-and-forth game". Musk does not believe that he can influence the company as a public investor, and may... More
April 14, 2022 8:39 AM EDT
The news of the day is that Tesla (NASDAQ: TSLA) CEO Elon Musk made a cash offer to acquire 100% of Twitter (NYSE: TWTR) for 54.20 per share.
Musk said that this is his best and final offer and if not accepted, he would reconsider his position as a shareholder.
Twitter then confirmed... More
April 14, 2022 7:10 AM EDT
Twitter Inc To Review Elon Musk's Offer With Advice From Goldman Sachs & Co And Wilson Sonsini Goodrich & Rosati - Reuters
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April 14, 2022 6:58 AM EDT
LONDON (Reuters) -Billionaire Elon Musk has offered to buy Twitter for about $41 billion, just days after rejecting a seat on the social media company's board.
Musk's offer price of $54.20 per share, which was disclosed in a regulatory filing on Thursday, represents a 38% premium to Twitter's April 1 close, the last trading day before the Tesla CEO's more than 9% stake in the company was made public.
Twitter's shares jumped 12% in premarket trading.
Here is a summary of analyst comments (in alphabetical order):
JESSE COHEN, SENIOR ANALYST AT INVESTING.COM
"Elon Musk's offer shows that he has very... More
April 14, 2022 6:29 AM EDT
SpaceX and Tesla (NASDAQ: TSLA) CEO Elon Musk has made an offer to acquire 100% of Twitter (NYSE: TWTR), according to an updated 13D filing.
Musk has offered to pay $54.20 per share in cash to acquire 100% control of the social... More
April 14, 2022 6:23 AM EDT
Twitter (NYSE: TWTR) April 13, 2022 option volume was 311K contracts compared to its 90 day average volume was 90K contracts into Elon Musk offers to buy Twitter for $54.20/shr in cash.
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April 14, 2022 6:22 AM EDT
Twitter (NYSE: TWTR) call put ratio 1.1 calls to 1 put into Elon Musk offers to buy Twitter for $54.20/shr in cash.
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April 14, 2022 6:19 AM EDT
By Greg Roumeliotis, Uday Sampath Kumar and Chavi Mehta
(Reuters) - Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech.
"I think it's very important for there to be an inclusive arena for free speech," Musk, already San Francisco-based Twitter's second-largest shareholder, said at a TED Talk in Vancouver when asked about his bid.
Musk made the bid on Wednesday in a letter... More
April 14, 2022 6:19 AM EDT
Twitter (NYSE: TWTR) April call option implied volatility is at 73, May is at 62; compared to its 52-week range of 32 to 81 into Elon Musk offers to buy Twitter for $54.20/shr in cash.
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April 14, 2022 6:18 AM EDT
Twitter (NYSE: TWTR) 30-day option implied volatility is at 72; compared to its 52-week range of 32 to 81 into Elon Musk offers to buy Twitter for $54.20/shr in cash.
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April 14, 2022 6:12 AM EDT
(Updated - April 14, 2022 6:15 AM EDT)
Elon Musk offered $54.20 per share to acquired 100% of Twitter (NYSE: TWTR). The offer letter was disclosed in an SEC filing.
Here is the letter:
Bret Taylor
Chairman of the Board,
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