SAN
FRANCISCO, May 17, 2022 /PRNewswire/ -- Twitter,
Inc. (NYSE: TWTR) today announced that it has filed its preliminary
proxy statement with the U.S. Securities and Exchange Commission in
connection with the previously announced agreement for Twitter to
be acquired by affiliates of Elon
Musk for $54.20 per share in
cash.
Twitter is committed to completing the transaction on the agreed
price and terms as promptly as practicable.
The preliminary proxy statement contains important information
including the background of, and reasons for, Twitter's transaction
with Mr. Musk.
The transaction is subject to the approval of Twitter
stockholders, the receipt of applicable regulatory approvals and
the satisfaction of other customary closing conditions, and is
expected to close in 2022.
About Twitter, Inc. (NYSE: TWTR)
Twitter is what's
happening and what people are talking about right now. To learn
more, visit about.twitter.com and follow @Twitter. Let's
talk.
Additional Information and Where to Find It
On
May 17, 2022, Twitter filed a
preliminary proxy statement in connection with its Special Meeting
of Stockholders (the "Special Meeting") related to the pending
acquisition of Twitter (the "Transaction"). Prior to the Special
Meeting, Twitter will furnish a definitive proxy statement to its
stockholders, together with a proxy card. STOCKHOLDERS ARE URGED TO
READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR
SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Detailed information regarding the names, affiliations and
interests of individuals who are participants in the solicitation
of proxies of Twitter's stockholders is available in Twitter's
preliminary proxy statement. Stockholders may obtain, free of
charge, Twitter's proxy statement (in both preliminary and
definitive form), any amendments or supplements thereto, and any
other relevant documents filed by Twitter with the U.S. Securities
and Exchange Commission (the "SEC") in connection with the Special
Meeting at the SEC's website (http://www.sec.gov). Copies of
Twitter's definitive proxy statement, any amendments or supplements
thereto, and any other relevant documents filed by Twitter with the
SEC in connection with the Special Meeting will also be available,
free of charge, at Twitter's investor relations website
(https://investor.twitterinc.com) or by writing to Twitter, Inc.,
Attention: Investor Relations, 1355 Market Street, Suite 900,
San Francisco, California
94103.
Forward-Looking Statements
This communication contains
forward-looking statements that involve risks and uncertainties,
including statements regarding the Transaction, including the
expected timing of the closing of the Transaction. If any of these
risks or uncertainties materialize, or if any of Twitter's
assumptions prove incorrect, Twitter's actual results could differ
materially from the results expressed or implied by these
forward-looking statements. Additional risks and uncertainties
include those associated with: the possibility that the conditions
to the closing of the Transaction are not satisfied, including the
risk that required approvals from Twitter's stockholders for the
Transaction or required regulatory approvals to consummate the
Transaction are not obtained; potential litigation relating to the
Transaction; uncertainties as to the timing of the consummation of
the Transaction; the ability of each party to consummate the
Transaction; possible disruption related to the Transaction to
Twitter's current plans and operations, including through the loss
of customers and employees; and other risks and uncertainties
detailed in the periodic reports that Twitter files with the SEC,
including Twitter's Annual Report on Form 10-K filed with the SEC
on February 16, 2022, and Quarterly
Report on Form 10-Q filed with the SEC on May 2, 2022, which may be obtained on the
investor relations section of Twitter's website
(https://investor.twitterinc.com). All forward-looking statements
in this communication are based on information available to Twitter
as of the date of this communication, and Twitter does not assume
any obligation to update the forward-looking statements provided to
reflect events that occur or circumstances that exist after the
date on which they were made, except as required by law.
Contacts
Investors:
ir@twitter.com
Press:
press@twitter.com
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SOURCE Twitter