Deals
There's Less Than $1 Left in the Twitter-Musk Deal Spread
- Musk to pay $54.20 a share on Friday, stock is at $53.35
- Shares climb as Musk said to plan to address staff on Friday
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The gap between Twitter Inc.’s share price and Elon Musk’s takeover offer narrowed to less than $1 Wednesday, with a court-ordered deadline to complete the $44 billion deal just two days away.
Shares of the social media giant closed up 1.1% at $53.35 after it was reported that Twitter’s chief marketing officer Leslie Berland sent a memo to staff saying that Musk would address the company on Friday. Musk, who is set to pay $54.20 for the company, also tweeted a video of himself entering Twitter headquarters.