Elon Musk has proposed to acquire all of Twitter stock (NYSE:TWTR) not owned by the reporting person for all cash consideration valuing stock at $54.20 per share. This has sent Twitters pre-market price to $54 from $46.
If Twitter reject this offer, the share price will likely crash back to original levels providing a good short opportunity. Tesla took a dip on this news falling $16, now just above the $1,000 mark. If Elon Musk does do a takeover of Twitter, it would likely send Tesla lower on concerns over the CEOs time and focus.
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