by a short-selling firm highlighted risks to the deal. The stock is now trading about 11% below Musk’s offer. But even if the deal goes ahead, Twitter directors have reason to be concerned.
boss’s all-cash offer. The arrangement included a $1 billion break fee, which at 2.2% of the total consideration is below the 3% average for acquirers in 2021, according to Refinitiv. The company also promised not to solicit other bids.
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