San Francisco, Sept. 14 (U.S.): Twitter Inc. announced that its shareholders have agreed to a previously announced merger agreement for Twitter to be acquired by Elon Musk’s subsidiaries for $54.20 per share in cash.
Based on a preliminary schedule of shareholder voting, approximately 98.6% of the votes cast at the special meeting approved the proposal to adopt the merger agreement.
The statement said that shareholder approval fulfills the previous final condition for closing the merger under the merger agreement.
Twitter remains ready and willing to complete the merger with Musk’s subsidiaries immediately and, in any event, no later than September 15, 2022, the second business day after all of the foregoing conditions have been met, which is the timeline required under the merger agreement, he added.