Elon Musk can’t be trusted to complete merger, Twitter tells judge
Enlarge (credit: Getty Images | Anadolu Agency )
Elon Musk's latest promise to buy Twitter can't be trusted, the company told a Delaware Court of Chancery judge yesterday.
"Now, on the eve of trial, Defendants declare they intend to close after all. 'Trust us,' they say, 'we mean it this time,' and so they ask to be relieved from a reckoning on the merits," Twitter wrote in a filing that opposed Musk's motion to stay the trial. "To justify that relief, they propose an order that allows them an indefinite time to close on the basis of a conditional withdrawal of their unlawful notices of termination coupled with an explicit reservation of all 'claims and defenses in the event a closing does not occur.' Defendants' proposal is an invitation to further mischief and delay."
While Musk told the court that debt financing needed to complete the purchase is on track, Twitter's filing said there is a problem: