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.
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.