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Twitter Board Says It Plans to Enforce Musk Merger Agreement

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WATCH: Dan Ives of Wedbush Securities says it may not be easy for Elon Musk to walk away from buying Twitter.Source: Bloomberg
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Twitter Inc.’s board said it plans to enforce its $44 billion agreement to be bought by Elon Musk, saying the transaction is in the best interest of all shareholders.

“We intend to close the transaction and enforce the merger agreement,” the board said Tuesday in a statement to Bloomberg News. Directors voted earlier to unanimously recommended that shareholders approve Musk’s $54.20-a-share offer.