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NYSE Set to Suspend Twitter Stock on Friday

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 

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.

source: NYSE/Reuters