The Market Is Losing Confidence In The Ability Of The Ceo Of Tesla To Close The Twitter Takeover Deal
Twitter (NYSE:TWTR) shares closed on Friday at $49.02, corresponding to a discount of $5.18 relative to the offer price of $54.20 from the CEO of Tesla (NASDAQ:TSLA) for the social media giant. The existence of this sizable arbitrage lends credence to the hypothesis that the market is currently discounting Elon Musk’s ability to close his Twitter takeover deal. As most of our readers would know by now, Elon Musk plans to take Twitter private at $54....