Mr Dachshunds It’s The Most Wonderful Time Of The Year Merry Christmas Gift shirt . Musk’s financing has played .A key role in the deal’s intrigue. He initially did not appear to have any funding lined up for his bid. But last week, he revealed in a filing that he had commitments for loans from various banks. Mr. Musk is paying with $13 billion in bank loans, plus another $12.5 billion in loans against his stock in Tesla. He has pledged another $21 billion in cash, though he has not outlined the source of that money. Requiring a buyer to agree to a fee if financing falls apart is not atypical, lawyers said. The fee Mr. Musk is on the hook for — roughly 2.5 percent of the deal — is on par with other acquisitions. “It’s actually a pretty plain vanilla merger agreement,” said Steven Davidoff Solomon, a professor at the School of Law at the University of California, Berkeley.
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The filing also said that if a deal does not close by Oct Dachshunds It’s The Most Wonderful Time Of The Year Merry Christmas Gift shirt . 24, both sides could walk away. Should the transaction still be awaiting regulatory approval at that time, Mr. Musk and Twitter would have another six months to close it. U.S. regulators may examine Mr. Musk’s purchase of Twitter but are unlikely to sue to block it, since it is not an example of a company buying a competitor, former antitrust officials have said. European officials said on Tuesday that Twitter under Mr. Musk’s ownership would have to abide by its new Digital Services Act. The landmark law, which is likely to take effect by next year, requires social media companies to police their platforms more aggressively to fight misinformation and restrict certain online ads. Twitter agreed on Monday to sell itself to Elon Musk for $54.20 per share. But investors could still buy the stock for less. In fact, shares of Twitter fell nearly 4 percent on Tuesday, the day after the deal was announced, to less than $50 per share. For investors thinking of buying Twitter’s stock before Mr. Musk takes the company private, that gap is enticing. When the 10-year Treasury bond yields 2.7 percent, and the stock market looks increasingly risky given rising interest rates, a slowing economy and war in Europe, the potential gain from buying Twitter’s shares now and holding them in hopes that a deal closes may seem worth it. If Mr. Musk successfully closes his acquisition of Twitter, investors would receive $54.20 for each share that they own, 9 percent higher than Tuesday’s closing price.
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