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Benzinga
Benzinga
Business
Chris Katje

Exclusive: M&A Expert Julian Klymochko Says This Was 'The Dagger' To Elon Musk's Case Against Twitter

Elon Musk Julian Klymochko Nasdaq Tesla Inc. Daniel Ives TWTR

Big news came out Tuesday that Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has had a change of heart and submitted a renewed offer to acquire social media platform Twitter Inc (NYSE:TWTR) at the original $54.20 per-share price he walked away from. Benzinga talked to a merger and arbitrage expert to break down the new deal.

What Happened: Musk submitted a new proposal to Twitter to acquire the company for $54.20 per share, or $44 billion, in line with a previous deal submitted. Twitter sued Musk after he said he was walking away from the deal.

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