Why Twitter Stock Is Up Only Slightly Today
Shares of Twitter (NYSE: TWTR) were running 1.8% higher at 10:42 a.m. ET on Thursday after Elon Musk offered to buy the short-form messaging platform for $54.20 per share, or around $43 billion.
While the offer price is an 18% premium to Twitter's $45 close yesterday, Musk says the bid represents "a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced."
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Source Fool.com
