Despite the company’s ongoing legal dispute with Elon Musk, the multi billionaire CEO of Tesla, over the deal
Twitter has set a date for its shareholders to vote on whether to approve the $44 billion acquisition.
According to a regulatory filing, this week the company informed shareholders via mail that a virtual special meeting will be held on September 13 to vote on the merger deal.
A 38 percent premium above the stock price the day before Musk declared in April that he had become one of Twitter’s largest shareholders was stipulated in the acquisition deal,
which noted that Musk would pay $54.20 for each share of Twitter that was still in circulation.
According to a statement from the board of Twitter, the company is committed to closing the merger on the price and terms agreed upon with Mr. Musk.
