Twitter v. Elon Musk Court Filing by Potter Anderson & Corroon LLP, July 12, 2022 is part of
Feature Image: Elon Musk’s SEC filing via EDGAR
FACTUAL ALLEGATIONS
III - The Final, Agreed-Upon Terms
39. The terms of the transaction are governed by the merger agreement executed on April 25, 2022.
40. Under the agreement, at closing, Acquisition Sub will merge into Twitter, and Twitter will continue as a private corporation owned by Musk through his wholly owned shell companies. Twitter stockholders will receive $54.20 per share in cash, and the company’s common stock will be delisted from the New York Stock Exchange.
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