Bears say Twitter acquisition is at risk of being repriced, Musk said he wants to be better – yqqlm

Beijing time on May 10 morning news, according to reports, short-selling agency Hindenburg Research issued a warning on Monday that if Elon Musk, the world’s richest man, pulled out of the deal, he proposed Twitter’s $44 billion take-private offer could be repriced,andand the price may decrease.

In a note, Hindenburg, who holds a short position in Twitter, said: “On this matter, Musk holds all the cards, and Twitter’s price will fall 50% from current levels. As a result, we are seeing the trade being repriced. significant risk.”

On Monday, against the backdrop of a broad stock market decline,Shares of Twitter, the social media platform, fell as much as 4%and touched $47.76, the lowest level since Musk made a $54.20-a-share offer in April, and Musk has said Twitter’s acquisition was its “best and final” outcome.

Twitter declined to comment.

In response to Hindenburg’s warning, Musk responded lightly in a tweet: “Very interesting. Sometimes don’t forget to look at the good side of life.” In response, the short-seller said that if the deal is “more reasonable” Price” complete, and Tesla shareholders are expected to thank Musk.

Hindenburg said there was some progress on the deal, from financing to board approval, that could dent Twitter’s position. “We support Musk’s efforts to take Twitter private and believe the deal has a good chance of closing at a lower price,” the agency said.

The short-seller also said the short-seller said Musk had the right to leave after paying a $1 billion breakup fee, giving him an incredible leverage if he chose to renegotiate.

Last month, Musk sent Twitter a $44 billion takeover offer, securing more than $7 billion from high-profile investors, including Oracle co-founder Larry Ellison. ) and Sequoia Capital.

Angelo Zino, an analyst at CFRA Research, said the deal is likely to close at the stated price unless Musk changes his mind.