Twitter is taking legal action to ensure Elon Musk buys company on the price and terms previously agreed, chairman says as stock are already plummeting down to 8% and lower.
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Elon Musk said that his advisers sent a letter to Twitter formally notifying the company that he is terminating the merger agreement.On July 8, 2022, the Reporting Person's advisors sent a letter to Twitter (on the Reporting Person's behalf) formally notifying Twitter that the Reporting Person is terminating their merger agreement.