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8/8, 10:01 PM (Source: TeleTrader)
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Twitter's board urges voting in favor of all proposals - SEC

Twitter Inc's Board of Directors "unanimously recommends voting for all proposals at the special meeting," to be held on September 13, 2022, according to a new security filing made public by the United States Securities and Exchange Commission (SEC) on Monday.

"The proposal to adopt the merger agreement with affiliates of Elon Musk requires the affirmative vote of a majority of the outstanding shares; your vote is very important, regardless of the number of shares that you own," reads the filling.

Earlier, Twitter announced that it would hold a shareholder meeting to vote on Elon Musk's $44 billion acquisition of the company on September 13. However, Musk notified Twitter on July 8 that he planned to cancel the acquisition due to the number of spam accounts.

Baha Breaking News (BBN) / JG