Twitter shareholders have voted in favor of Elon Musk’s $44 billion takeover deal, a value of $54.20 per share. The vote came days after Musk’s third letter to Twitter seeking to terminate their deal.
Twitter shareholders on Tuesday voted in favor of Musk's $44 billion takeover deal, a value of $54.20 per share. The company's stock opened Tuesday at just under $41 per share, nearly 25% below the deal price. The vote came days after Musk's third letter to Twitter seeking to terminate their deal, with this one pegged to a purported $7.
Twitter agreed not to provide any severance payments to employees in amounts outside"the ordinary course of business consistent with past practice," according to the contract.Twitter slammed Musk's latest effort to get out of the deal as"invalid and wrongful.