FAST FIVE: Twitter Soars After Musk Agrees To Close Acquisition At Original Price

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Twitter Soars After Musk Agrees To Close Acquisition At Original Price Update: Here is the long-awaited letter (filed as a 13D) from Musk's lawyers at Skadden to Twitter's lawyer at Simpson Thatcher, confirming Musk's willingness to consummate the deal at its original stated terms, with just one potential out: the offer is pending receipt of debt financing proceeds (as well as the trial being adjourned).

13 to accept the buyout offer as Musk submitted it.

TWTR shares are soaring on the news (and halted for news pending).

Musk had been trying for months to back out of his contract to acquire Twitter, signed in April.

– zerohedge (@zerohedge) September 26, 2022 Either way, …cue the mass resignations.

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