10/4, 9:27 PM (Source: TeleTrader)
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Elon Musk submits SEC filing on Twitter deal

The world's richest man, Elon Musk, submitted Tuesday to the US Securities and Exchange Commission (SEC) his deal with Twitter, according to a new security filing made public by the institution.

"On October 3, 2022, the Reporting Person's advisors sent a letter to Twitter (on the Reporting Person's behalf) notifying Twitter that the Reporting Person intends to proceed to closing of the transaction contemplated by the April 25, 2022 Merger Agreement," read the filing.

The development confirms previous reports of the intention to terminate the deal between the two parties. Earlier, different media said that Musk had sent a letter to Twitter in which he offered to finish the deal to acquire the company at $54.20 per share.

Baha Breaking News (BBN) / JG