Elon musk makes non-binding offer to acquire Twitter

  • TWTR.us
    (${instrument.percentChange}%)

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 Specialist

Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.

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