The Securities and Exchange Commission has received a proxy statement from Twitter, asking shareholders to support Elon Musk’s $44 billion offer. The announcement invites shareholders to a special meeting to discuss the $44 billion Twitter takeover.
The proxy statement, which was submitted with the Securities and Exchange Commission on Tuesday, declares and recommends that the shareholders vote unanimously in favor of the merger agreement’s acceptance.
The board of directors of the social media behemoth believes that the transaction is fair, prudent, and in the best interests of Twitter’s stakeholders. Shareholders should vote “FOR” the merger agreement, executive remuneration, and the adjournment of the special meeting due to a lack of votes, according to the board.
- At the special meeting, you will also be asked to consider and vote on a proposal to approve, on a non-binding, advisory basis, the compensation that will or may become payable by Twitter to its named executive officers in connection with the merger; and a proposal for the adjournment of the special meeting.
