Twitter Inc, a shareholder, still voted on the $44 billion takeover offer from billionaire Elon Musk in a vote on Tuesday. As reported by Bloomberg
A preliminary vote on Tuesday showed that A majority of shareholders still support Musk’s decision to accept a $54.20-per-share offer to buy Twitter, where the company’s shares are trading at a price of $41.92 below the offer price.
Although the agreement now requires the necessary shareholder approval. But in July, Musk expressed his intent towithdrawclearly from the agreement It cited concerns about bots and spam on social media platforms. But on the other hand, Twitter have filedsued in an attempt to force Musk to comply with a deal he signed.
An upcoming trial between lawyers representing both Musk and Twitter is scheduled for Oct. 17 in Delaware Chancery Court.
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