Here’s Why Elon Musk Sent Twitter (NYSE:TWTR) Stock Flying
October 04 2022 - 01:50PM
TipRanks
In a surprise move, Elon Musk has proposed moving forward with the
acquisition of Twitter at the initial offering price of $54.20 per
share. This has caused shares of Twitter (NYSE:TWTR) to surge by
almost 13%, resulting in the stock being halted. It would seem that
Musk has come to the realization that a legal battle may not be
worth the trouble. Indeed, some legal experts have claimed in
recent months that the deal would likely go through if it ended up
in court.
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