Elon Musk Walks Away From The Agreement To Acquire Twitter Citing A Material Breach Of Multiple Provisions
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Elon Musk has formally walked away from the agreement to acquire Twitter in a move that now likely entails messy litigation as well as a possible $1 billion breakup fee. To wit, Musk has sent a letter to Twitter’s board: Specifically, Musk has cited section 6.4 of the merger agreement that mandates Twitter to provide any information that is required “for any reasonable business purpose related to the consummation of the transaction....