Elon musk makes non-binding offer to acquire Twitter
Elon Musk has offered to acquire Twitter (TWTR.us) for $54.20/share. Mr Musk sent a letter to the board saying that this was his "best and final" offer, which Twitter is currently reviewing. This proposal comes after Musk disclosed a 9.2% position in the social media company. According to the 13D filing to the SEC, Musk delivered a letter on 13 April, which contained a "non-binding proposal" to acquire the company's outstanding common stock. TWTR.us is trading above its black 50-day moving average, and the moving average turned up as the news of Musk's stake in the company became public.
Russell Shor
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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