SPB Exchange will stop trading in Twitter shares from November 3
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SPB Exchange will stop trading Twitter securities from November 3rd. This is reported on site trading platform.
October 28 St. Petersburg Exchange reported on the prohibition of filing and on the restriction of the possibility of concluding contracts with shares of Twitter in connection with a corporate event – the merger of the company with Elon Musk’s X Holdings. Earlier in the day, it became known that Mr. Musk headed Twitter. According to the statement of the exchange, according to the terms of the agreement between Mr. Musk and Twitter, “in the event of the completion of the corporate event, the issuer becomes a subsidiary of X Holdings I, Inc.”.
The exchange said that under the terms of the deal, shareholders will receive $54.2 for each common share of Twitter. Money on shares located on the trading sections of depo sub-accounts will be transferred to investors automatically.
Read more about the deal between Twitter and Elon Musk in the publication “Kommersant FM” “Elon Musk took over Twitter”.
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