Twitter To Hold Shareholder Vote On Elon Musk's $44 Billion Offer In September

Published:Nov 25, 202312:00
Twitter To Hold Shareholder Vote On Elon Musk's $44 Billion Offer In September

Twitter To Hold Shareholder Vote On Musk's $44 Billion Offer In September

The transfer comes as Elon Musk plans to stroll away from an agreed $44 billion takeover bid.

San Francisco:  Twitter Inc stated on Tuesday it will maintain a shareholder assembly on Sept. 13 to vote on the social media firm's proposed $44 billion takeover supply by Tesla chief Elon Musk. The corporate's plan, which was disclosed in a submitting, comes because the world's richest individual prepares for a authorized showdown with Twitter in October for strolling away from his supply to purchase the social media firm. On the assembly, shareholders can be {asked} to vote on a proposal to approve the compensation which may be payable by Twitter to sure government officers in reference to the buyout, Twitter stated in a submitting. Individually, the corporate disclosed that it had considerably slowed hiring within the second quarter and was being more selective with filling roles, in a transfer to chop prices. In Could, Twitter's chief government Parag Agrawal had informed workers the social media agency would pause most hiring and overview all present job provides. If the buyout deal is accomplished, Twitter shareholders can be entitled to obtain $54.20 in money for every widespread share they personal, the corporate stated, including that its board was strongly in favor of the takeover. (Apart from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
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