FAST FIVE: Judge Sets October 28th Deadline For Musk To Close Twitter Buyout On Original Terms After Halting Trial
Judge Sets October 28th Deadline For Musk To Close Twitter Buyout On Original Terms After Halting Trial Just when it looked like the Twitter/Elon Musk drama was coming to some sort of an ending, with Musk reportedly agreeing to his original $54.20 per share bid, rapidly changing details behind the scenes suggest that anything could still be possible.
Musk trial has been halted under the assumption that both parties are ready, willing and able to consummate the deal on its original terms.
McCormick, granted Musk's request to stay the trial but offered the condition that the transaction needs to be done by 5PM on October 28.
– Montana Skeptic (@montana_skeptic) October 6, 2022 Skeptic continued: “So, why allow any delay at all.
Second, it will conserve judicial resources if the deal now closes.