Thursday, 14 April 2022

Elon Musk on Twitter "I Made An Offer"

 


Elon Musk on Twitter: "I made an offer https://t.co/VvreuPMeLu" / Twitter



https://www.sec.gov/Archives/edgar/data/0001418091/000110465922045641/tm2212748d1_sc13da.htm

"Bret Taylor

Chairman of the Board,

 

I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.  

 

However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

 

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

 

Twitter has extraordinary potential.  I will unlock it."


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