The richest man in the world has launched a takeover bid on shares he does not yet own at $ 54.20 per share in cash, which represents a 54% premium over the closing price on January 28.
by Alessandra Capozzi and Andrea Fontana
Elon Musk has made an “improved and final” offer to buy Twitter, saying the company has tremendous potential that it will seek to unlock. The richest man in the world has launched a takeover bid on shares he does not yet own at $ 54.20 per share in cash, which represents a 54% premium over the closing price on January 28 and a valuation of approximately 43. billions of dollars. Musk announced the offer with a filing with the United States Securities and Exchange Commission.
On April 4, the billionaire, who also controls Tesla, had revealed for the first time that he holds a stake of about 9% and launched ideas and proposals for change for the social network. The company offered him a seat on the board after the announcement of his participation, which made him the largest individual shareholder but Musk had decided not to accept the proposal.
The choice was immediately interpreted as a sign of the desire to keep your hands free in view of a market operation that did not take long to arrive. “” Twitter has extraordinary potential – said Musk – I will bring it out, “In the premarket on Wall Street, Twitter shares exceed $ 51 per share with a rise of 12-13% and Wall Street futures themselves are up.
