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Twitter’s Board of Directors has recommended to shareholders that they move forward with the $44 billion Elon Musk takeover.
The board said that it recommendations to its shareholders that the deal be approved, a new regulatory filing released on Tuesday shows.
The board wrote that it has “determined that the merger agreement is advisable and the merger and the other transactions contemplated by the merger agreement are fair to, advisable and in the best interests of Twitter and its stockholders; and adopted and approved the merger agreement, the merger and the other transactions contemplated by the merger agreement.”
The filing states that: Twitter’s Board of Directors unanimously recommends that you vote: (1) “FOR” the adoption of the merger agreement;
(2) “FOR” the compensation that will or may become payable by Twitter to its named executive officers in connection with the merger; and
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