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    Elon Musk Bails on Twitter: What It Means for the Inventory

    Textual content dimensions Tesla CEO Elon Musk filed to finish his $44 billion merger agreement with Twitter on July 8. POOL/AFP via Getty Pictures Tesla CEO Elon Musk’s transfer to terminate his $44 billion offer to order Twitter is probable undesirable news for the social-media business, no make any difference how a possible legal fight performs out. Shares of Twitter have fallen 18% considering the fact that Musk very first created the provide though portraying the corporation in a harsh light by concentrating on the range of bogus accounts on Twitter . Wedbush analysts Daniel Ives and John Katsingris identified as the termination of the offer “a catastrophe scenario for…

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    View: It is time for Twitter to get as significantly of Elon Musk’s cash as a courtroom will permit

    The mercurial Elon Musk lastly created it formal Friday: He declared in a regulatory filing that he no extended needs to go by means of with his $44 billion deal to buy Twitter Inc., a offer that the current market has by no means definitely envisioned would transpire. The large issue now is who has the most effective authorized scenario when it comes to litigation that Twitter TWTR, -5.10% Chairman Bret Taylor explained the corporation will go after, perhaps in the variety of a breach-of-contract accommodate. Gurus instructed MarketWatch the Delaware Chancery Court docket will possible go quick to overview any filings, which Twitter’s legal professionals are very likely doing…

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    Elon Musk terminates deal to purchase Twitter, and Twitter’s chairman guarantees a legal combat

    Elon Musk terminated his settlement to purchase Twitter Inc. on Friday, and Twitter’s chairman promised a legal battle. In a letter sent to Twitter’s TWTR, -5.10% main legal officer on Friday, the Tesla Inc. TSLA, +2.54% main government claimed that he was ending the settlement because Twitter would not share asked for info with him, and the facts that was shared confirmed his perception that there had been more bots on the company than Twitter statements in securities filings. “Mr. Musk is terminating the Merger Arrangement due to the fact Twitter is in content breach of many provisions of that Settlement, seems to have made untrue and misleading representations on which…

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    Ken Griffin Going Citadel From Chicago to Miami Following Crime Issues

    Billionaire Ken Griffin is relocating his big hedge-fund business Citadel from Chicago to Miami, the third important employer to announce the transfer of a corporate headquarters from Illinois in the previous two months. In a letter to workers Thursday, Mr. Griffin reported he experienced personally moved to Florida and that his current market-earning business enterprise, Citadel Securities, would also transfer. He wrote that he sights Florida as a far better company natural environment and while he did not especially cite criminal offense as a element, corporation officers claimed it was a thought.