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Twitter shares taken off stock exchange after Elon Musk seals $44bn takeover – business live | Business

SEC filing: Elon Musk has taken over Twitter, shares delisted

The SEC filing confirms that Elon Musk has taken over Twitter, and its shares have been taken off the New York stock exchange, reports our global technology editor Dan Milmo.

The merger between Twitter, Inc. and X Holdings II, Inc., a wholly owned subsidiary of X Holdings I, Inc., wholly owned by Elon R. Musk became effective on October 27, 2022.

Each share of Twitter, Inc. Common Stock was exchanged for USD 54.20 in cash, without interest and less any applicable withholding taxes.

The Exchange also notifies the Securities and Exchange Commission that as a result of the above indicated conditions this security was suspended from trading before market open on October 28, 2022.

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Key events (10)Twitter, Inc. Common Stock (25)Elon R. Musk (25)Donald Trump (8)UK (7)EU (6)

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