Twitter Confirms Receipt of Unsolicited, Non-Binding Proposal from Elon Musk
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Go back to Twitter Confirms Receipt of Unsolicited, Non-Binding Proposal from Elon Musk
April 14, 2022 11:41 AM EDT
Twitter (NYSE: TWTR) Erases Gain, Goes Red Despite Musk Offer
Shares were up 12% earlier
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April 14, 2022 11:09 AM EDT
Jefferies analyst Brent Thill reiterated a Hold rating and $48.00 price target on Twitter, Inc. (NYSE: TWTR).
The analyst comments "There is downside risk to the stock if TWTR rejects the $54.20 offer. In his brief letter, Musk highlighted that his offer is final and there will be no "back-and-forth game". Musk does not believe that he can influence the company as a public investor, and may... More
April 14, 2022 8:39 AM EDT
The news of the day is that Tesla (NASDAQ: TSLA) CEO Elon Musk made a cash offer to acquire 100% of Twitter (NYSE: TWTR) for 54.20 per share.
Musk said that this is his best and final offer and if not accepted, he would reconsider his position as a shareholder.
Twitter then confirmed... More
