It is reported that today, musk reiterated in the revised 13D document that if twitter (twitter) does not provide him with more information about spam and false accounts, he may cancel the proposed agreement to acquire twitter. In response, twitter responded that the company has cooperated and will continue to share information with Tesla CEO Elon Musk to complete the transaction in accordance with the terms of the M & a agreement.
Access:
Twitter plans to complete the transaction with musk and execute the M & a agreement at the agreed price and terms. Twitter said it believed that the agreement with musk was in the best interests of all shareholders
Musk said that he believed that Twitter was "actively resisting and frustrating his right to information" and did not provide relevant information, thus violating their M & a agreement
Musk's lawyer said that the refusal to provide information "makes it further doubtful that the company retains the required data because it is worried about what findings musk will make from its own analysis of the data"
"If Twitter has confidence in the valuation of its public spam account, musk cannot understand why the company is unwilling to let him evaluate these valuations independently."
Musk's lawyer provided more information about the agreement, saying that "Tui has the obligation to provide information and data 'for reasonable business purposes related to the completion of the transaction'"
The news led to a sharp drop in Twitter's share price, down 4%. As of press time, the decline narrowed to 2.53%.
