Elon Musk sends yet another notice trying to terminate the Twitter deal
by Jay Peters from The Verge - All Posts on (#63F8W)
Kristen Radtke / The Verge; Getty Images Elon Musk has sent a third letter to Twitter attempting to terminate his $44 billion acquisition of the company. Musk's legal team cited Twitter's multimillion dollar severance payment to former security chief and whistleblower Peiter Zatko as a violation of the merger agreement and a reason to end the deal. The letter, dated September 9th, was sent to Twitter's chief legal officer Vijaya Gadde, and was included in a filing Twitter made with the SEC on Friday (which you can read at the bottom of this article).
Twitter responded to Musk and Co on Monday September 12th, saying, As was the case with both your July 8, 2022 and August 29, 2022 purported notices of termination, the purported termination set forth in your September 9, 2022...