Why Is Twitter Stock So Far From Elon Musk’s Takeover Price?

Why Is Twitter Stock So Far From Elon Musk’s Takeover Price?
The Twitter profile of Elon Musk with more than 80 million followers in shown on a cell phone in Chicago on April 25, 2022. Illustration by Scott Olson/Getty Images
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We all know Elon Musk’s offer to purchase Twitter Inc. for all cash has been accepted by the board.

Before it was made public that Musk had an interest in the company, the stock was languishing at the $40 area. When Musk originally purchased shares of Twitter and investors speculated that he may attempt to buy it, they aggressively bought the stock.