The New York Stock Exchange ( NYSE) is preparing to suspend trading in Twitter’s stock as of Friday!
As the deadline for Elon Musk’s planned $44 billion takeover looms
Tweet on NYSE Twitter stock suspension
Twitter Stock To Be Suspended By @NYSE
The New York Stock Exchange is preparing to suspend trading in Twitter's stock as of Friday, the deadline for Elon Musk's planned $44 billion takeover to close.
The NYSE's website showed the suspension was "Pending before the Open"
— The_Journalbiz (@the_journalbiz) October 27, 2022
News on NYSE suspension amid rising interest on Twitter
The NYSE’s website showed the suspension was “Pending before the Open” on Oct. 28, in an apparent procedural step anticipating the deal’s closure.
The exchange also has pending suspensions for some other bid targets. The NYSE’s pending action on Twitter was earlier reported by Reuters.
Earlier this week,
The Wall Street Journal reported that banks have started to send $13 billion in cash backing the takeover, the latest sign the deal is on track to close after months of twists and turns.