SAN
FRANCISCO, July 8, 2022 /PRNewswire/ -- Twitter, Inc.
(NYSE: TWTR) today received a notice of purported termination from
Elon Musk and the Twitter Board
issued the following statement in response:
We are committed to closing the transaction on
the price and terms agreed upon with Mr. Musk and plan to pursue
legal action to enforce the merger agreement. We are confident we
will prevail in the Delaware Court
of Chancery.
About Twitter, Inc. (NYSE: TWTR)
Twitter is what's
happening and what people are talking about right now. To learn
more, visit about.twitter.com and follow @Twitter. Let's
talk.
Additional Information and Where to Find It
On
May 17, 2022, Twitter filed a
preliminary proxy statement in connection with its Special Meeting
of Stockholders (the "Special Meeting") related to the pending
acquisition of Twitter (the "Transaction"). Prior to the Special
Meeting, Twitter will furnish a definitive proxy statement to its
stockholders, together with a proxy card. STOCKHOLDERS ARE URGED TO
READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR
SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Detailed information regarding the names, affiliations and
interests of individuals who are participants in the solicitation
of proxies of Twitter's stockholders is available in Twitter's
preliminary proxy statement.
Stockholders may obtain, free of charge, Twitter's proxy
statement (in both preliminary and definitive form), any amendments
or supplements thereto, and any other relevant documents filed by
Twitter with the U.S. Securities and Exchange Commission (the
"SEC") in connection with the Special Meeting at the SEC's website
(http://www.sec.gov). Copies of Twitter's definitive proxy
statement, any amendments or supplements thereto, and any other
relevant documents filed by Twitter with the SEC in connection with
the Special Meeting will also be available, free of charge, at
Twitter's investor relations website
(https://investor.twitterinc.com) or by writing to Twitter, Inc.,
Attention: Investor Relations, 1355 Market Street, Suite 900,
San Francisco, California
94103.
Forward-Looking Statements
This communication contains
forward-looking statements that involve risks and uncertainties,
including statements regarding the Transaction, including related
to the closing of the Transaction. If any of these risks or
uncertainties materialize, or if any of Twitter's assumptions prove
incorrect, Twitter's actual results could differ materially from
the results expressed or implied by these forward-looking
statements. Additional risks and uncertainties include those
associated with: the possibility that the conditions to the closing
of the Transaction are not satisfied, including the risk that
required approvals from Twitter's stockholders for the Transaction
or required regulatory approvals to consummate the Transaction are
not obtained; potential litigation relating to the Transaction;
uncertainties as to the timing of the consummation of the
Transaction; the ability of each party to consummate the
Transaction; possible disruption related to the Transaction to
Twitter's current plans and operations, including through the loss
of customers and employees; and other risks and uncertainties
detailed in the periodic reports that Twitter files with the SEC,
including Twitter's Annual Report on Form 10-K filed with the SEC
on February 16, 2022, and Quarterly
Report on Form 10-Q filed with the SEC on May 2, 2022, which may be obtained on the
investor relations section of Twitter's website
(https://investor.twitterinc.com). All forward-looking statements
in this communication are based on information available to Twitter
as of the date of this communication, and Twitter does not assume
any obligation to update the forward-looking statements provided to
reflect events that occur or circumstances that exist after the
date on which they were made, except as required by law.
Contacts
Investors:
ir@twitter.com
Press:
press@twitter.com
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SOURCE Twitter