Elon Musk, the founder and CEO of Tesla, decided to launch it. on a takeover bid (OPA) excitement worth 43,394 million dollars (39,803 million euros)According to a statement submitted by the social network to the United States Securities and Exchange Commission (SEC).
The offer offered by the employer who works for a few days, Twitter’s first shareholderAll cash. Elon Musk offered $54.20 for each Twitter share, which was 54% compared to January 28, when he started buying Twitter shares, and 38% compared to April 1, when he announced his position in the company.
By taking all the shares in this operation, If the board of directors approves, Twitter will be removed from the stock market. is submitted to the offer and the shareholders accept it.
“I invested in Twitter because I believe in its potential as a platform. freedom of expression worldwide and I believe that freedom of expression is a social imperative for a functioning democracy. However, since I made my investment, I realized that the company will not develop or serve this social imperative in its current form. Twitter needs to evolve into a listed company,” Musk said in a letter presenting his proposal to the board.
Musk is currently Owner of 73.1 million shares of Twitter, equivalent to 9.1% of capital of your company.
According to the statement sent to the SEC, Morgan Stanley is acting as financial advisor to Elon Musk in this operation. In your letter to the Council, you underlined that the current offer is your best and only offer. If the council does not agree, Musk threatens to ‘reconsider’ his position as shareholder.
“Twitter has tremendous potential. I’m going to unlock it,” Musk said.