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Benzinga
Benzinga
Business
Chris Katje

Walking Away From Twitter Deal May Not Be An Option For Musk: Merger Expert On What's Next

Elon Musk Julian Klymochko NYSE DWAC Twitter Inc. Donald Trump Truth Social Nasdaq SPAC

Elon Musk disclosed last Friday after market close that he was terminating his agreement to acquire social media platform Twitter Inc (NYSE:TWTR). With shares of Twitter falling on Monday, Benzinga asked a merger expert what happens next and if the Tesla Inc (NASDAQ:TSLA) CEO can truly walk away from his definitive agreement.

Merger Terminated: Musk announced he was terminating the merger with Twitter due to the company breaching the agreement and a material adverse effect.

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