Twitter Hold Special Meeting For Vote On The Musk Merger On September 13th

Posted by Devanny August 13, 2022
Twitter Will Vote On The Musk Merger On September 13th

Twitter announced that on September 13, a shareholder meeting would be held to cast votes on Elon Musk’s $44 billion purchase of the firm.

The shareholder meeting will be broadcast and start at 10:00 AM Pacific Time. The business announced in a filing with the Securities and Exchange Commission that investors will be able to watch the meeting live and then cast their votes.

The board of directors of Twitter has already asked the company’s shareholders to consent to Musk’s purchase of the business.

On July 8, Musk informed Twitter that he intended to cancel the deal, citing, among other issues, claims that the firm had improperly counted the amount of spam and fraudulent accounts using its site.

Twitter later filed a lawsuit against Musk to enforce the agreement, alleging that Musk “refuses to execute his duties to Twitter and its stockholders because the transaction he made no longer serves his personal interests.” Musk is the CEO of Tesla.

Although the two parties are still at odds over time, the matter is scheduled to go to trial in October.

Devanny
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Devanny and Lisa co-founded The Current in 2014 after working in a publication for both the skiing and scuba diving industries. Devanny has a passion for older films and cult classics, which @shows in his features and best movies list. Devanny is also in charge of the primary database for The Current, which drives the A-Z library. Devanny lives in Norwich, England. Word from Ornella: "All new news is old news happening to new people."