Twitter Seeks Shareholder Approval For Musk Deal

Ars Technica reports:

Twitter is moving ahead with a shareholder vote on the merger with Elon Musk a few weeks before its lawsuit against Musk goes to trial. Twitter yesterday sent a letter to shareholders inviting them to a September 13 special meeting where they will be asked to approve the merger agreement that Musk is now trying to get out of.

“We are committed to closing the merger on the price and terms agreed upon with Mr. Musk,” Twitter CEO Parag Agrawal and Board Chairman Bret Taylor wrote. “Your vote at the special meeting is critical to our ability to complete the merger. Twitter’s Board of Directors unanimously recommends that you vote ‘FOR’ each of the proposals at the special meeting.”

Read the full article.

Twitter yesterday invited shareholders to a special meeting where they will be asked to approve the merger agreement that Elon Musk is now trying to escape.https://t.co/fZXJIkniDa

— Ars Technica (@arstechnica) July 27, 2022