Deals
Musk Seen by Market Pros as Winning Twitter Deal at Lower Price
- Merger experts polled expect Musk to get a lower price
- Twitter closed at the widest spread to the offer on Monday
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Elon Musk’s takeover of Twitter Inc. has become a big question after a series of mixed messages from the billionaire. But despite the stock’s wild swings, merger experts still expect the deal to go through -- as long as the price comes down.
In a survey of investors and merger specialists conducted by Bloomberg News on Monday and Tuesday, 11 of 14 respondents said they expect the sale to go through at a discount to Musk’s original $54.20 offer.