SAN
FRANCISCO, June 3, 2022 /PRNewswire/ -- Twitter, Inc.
(NYSE: TWTR) today announced the expiration of the waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended (the "HSR Act"), with respect to the previously announced
agreement for Twitter to be acquired by affiliates of Elon Musk for $54.20 per share in cash.
The expiration of the HSR waiting period occurred at
11:59 p.m. EDT on June 2, 2022, which was a condition to the
closing of the pending transaction. Completion of the transaction
is subject to the satisfaction of the remaining customary closing
conditions, including approval by Twitter stockholders and the
receipt of remaining applicable regulatory approvals.
About Twitter, Inc. (NYSE: TWTR)
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Additional Information and Where to Find It
Twitter, its directors and certain executive officers are
participants in the solicitation of proxies from stockholders in
connection with the pending acquisition of Twitter (the
"Transaction"). Twitter has filed a preliminary proxy statement
with the Securities and Exchange Commission (the "SEC") in
connection with the solicitation of proxies to approve the
Transaction. Twitter will furnish the definitive proxy statement,
when available, together with a WHITE proxy card to each Twitter
stockholder entitled to vote at the special meeting to consider the
Transaction. Additional information regarding such participants,
including their direct or indirect interests, by security holdings
or otherwise, is included in the proxy statement and other relevant
documents filed with the SEC in connection with the Transaction.
Additional information relating to the foregoing can also be found
in Twitter's definitive proxy statement for its 2022 Annual Meeting
of Stockholders, which was filed with the SEC on April 12, 2022. STOCKHOLDERS ARE URGED TO READ
THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS
THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT TWITTER WILL FILE
WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. Stockholders may obtain, free of charge, the
proxy statement, any amendments or supplements thereto, and any
other relevant documents filed by Twitter with the SEC in
connection with the Transaction at the SEC's website
(http://www.sec.gov). Copies of the proxy statement, any amendments
or supplements thereto, and any other relevant documents filed by
Twitter with the SEC in connection with the Transaction 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
completion 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; the occurrence of any event, change or other
circumstances that could give rise to the right to terminate 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