SPB Exchange will stop trading Twitter securities from November 3, the site said. Shareholders will receive $54.2 per common share. The delisting of the New York Stock Exchange Twitter should take place on November 8.
Trading in shares of Twitter’s microblogging platform on the St. Petersburg Stock Exchange will cease on November 3, the site said. The decision to delist the issuer’s shares was made by the First Deputy General Director of SPB Exchange.
Twitter shares are traded on the SPB Exchange under the ticker TWTR. Only the common shares of the company are represented on the site. Under the terms of the agreement, Twitter shareholders will receive $54.2 per common share.
Today it was learned that the new owner of Twitter, Elon Musk, completely dissolved the company’s board, becoming its sole director. Reuters reported that Musk has decided to become CEO of Twitter.
Twitter will be delisted from the Nasdaq, according to a filing by the company with the US Securities and Exchange Commission. This means that Twitter will no longer be a public company, as it has been since 2013. microblogging platform will no longer be traded on the stock from November 8.
Author:
Kirill Bilyk
Source: RB
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