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Benzinga
Benzinga
Business
Joel Elconin

Why Is Twitter Stock So Far From Elon Musk's Takeover Price?

We all know Elon Musk’s offer to purchase Twitter Inc. (NYSE:TWTR) for all cash has been accepted by the board.

Before it was made public that Musk had an interest in the company, the stock was languishing at the $40 area. When Musk originally purchased shares of Twitter and investors speculated that he may attempt to buy it, they aggressively bought the stock.

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