Twitter-Musk Row: Twitter's shareholders will decide on the deal with Musk, voting will be held on September 23

Posted on 27th Jul 2022 02:05 pm by rohit kumar

Microblogging site Twitter has set a date for shareholders to vote on the matter amid an acquisition battle with the world's richest man Elon Musk.

 

Shareholders will vote on September 13 to sign a $44 billion deal with Elon Musk. Twitter's shareholders' meeting will begin on September 13 at 10 am via webcast. All shareholders will be able to watch the meeting live and vote.

 

The company has given this information during the filing to the Securities and Exchange Commission.

 

Let us tell you that just a few days ago, microblogging site Twitter has filed a case against Tesla chief Elon Musk. The case on behalf of the company was made because of Musk's withdrawal from the US $ 44 billion acquisition offer.

 

Twitter has filed a motion for an expedited hearing in the matter and has sought a four-day trial on the issue in September. At the same time, Elon Musk's legal team has opposed this proposal.

 

Twitter said in its petition that it should take this action to compel Musk to fulfill its legal obligations, finalize the merger upon satisfaction of certain outstanding conditions, and prevent further breaches of the terms on Musk's part. 

 

Also Read: PACL: No one is authorized to sell PACL properties, documents can be submitted till August 31

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