Elon Musk offers to buy 100% of Twitter for $54.20 per share

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DPA

The billionaire owner of electric car manufacturer Tesla, Elon Musk, has offered to buy all of the outstanding shares in the social media platform Twitter. He delivered a letter to Twitter which contained a non-binding proposal to acquire all of the outstanding common stock not owned by him for an all-cash consideration, valuing the common stock at $54.20 per share. If the proposed transaction is completed, the common stock would become eligible for termination of its registration, and would be de-listed from the New York Stock Exchange. Elon Musk has engaged Morgan Stanley as his financial ad…

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