The merger agreement between Twitter and Elon Musk
Elon Musk’s offer is far below 12 months high
- Between July 2021 and January 2022, the share price dropped by half
- With the rumors around Elon Musk, Twitter’s share price started to recover
- However, there is not much upside left given the offer price of US$54.50
How does the consensus assess Twitter now?
- Most analysts issued a HOLD recommendation
- The median target price is close to the offer price of Elon Musk
- Based on that, shareholders should accept the offer
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