U.S. SEC looking into Musk’s Twitter stake purchase -Breaking
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© Reuters. FILE PHOTO. Tesla CEO Elon Musk departs Manhattan Federal Court after an hearing regarding his fraud settlement with Securities and Exchange Commission in New York City. April 4, 2019, U.S. REUTERS/Shannon Stapleton(Reuters] – U.S. Securities and Exchange Commission are investigating Tesla (NASDAQ) CEO Elon Mus’s disclosure of his interest in the company Twitter Inc (NYSE:), in April according to the letter that the agency wrote to him in April.
Twitter stock traded at $54.20 per shares, which Musk offered on April 14th.
The following is an overview of the Twitter Takeover Story.
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Musk tweet stake purchase raises by 1% in SEC’s May 27 investigation
trades 26%
Below is the offer
Price
Twitter Investors Sue Musk for Stock Rises 6%
Takeover trade manipulation 27%
Below is the offer
Price
May 25, Twitter Investors Vote Against Elon Rises Re-Electing Elon Rises
Musk to be Musk’s ally on the next
Session; Trades
Musk offers 27% more equity in order to finance Twitter’s deal.
scraps margin loan price
Musk announces a Twitter deal with Musk on May 13, but it is being held pending the review of Drops 111%
Fake accounts and spam. Later tweets that he had before
Trades also remain open to potential deal loss
Take 26% off
Price
Jack Dorsey, Twitter founder and May 11 tweeter, says that he won’t Falls below 6%
Return to CEO, if you are offered the next
Session; Trades
Take 20% off
Price
Musk declares funding of $7.14 billion on May 5, sources say Rises 4.4%
Reuters: Musk may temporarily be in charge of Twitter Trades
Below is what happens after the deal ends
Price
Musk in May: More external investors sought by Musk Falls 0.8%
The next
Session; Trades
Please note: Below is a minimum of 10%
Offer price
Tesla shares valued at $8 billion sold by Musk in an April 29, Rises 2.3%
Finance takeover transactions 7.3%
Below is the offer
Price
Musk accepts Musk’s Offer to Climb 7% on April 25, Twitter Board
trades 3.5%
Below is the offer
Price
Musk raises $46.5 billion to finance the Adds 2.6% on April 21st
deal still trails
Musk’s proposal by
11.5%
April 15, Twitter uses poison to shield company from gains 1.4%
Next session:
Trails offer many benefits
13%
April 14, Musk Offers $54.20/Share, an 38% Premium to Rises 6.
Twitter April 1st closing price
Musk says no to joining Twitter board.
Twitter announces Musk joining company’s board of directors on April 5. It rises to over 9%
April 4, Elon Musk tells Twitter that he has a 9% share
As high as 31%
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