Attorneys for Elon Musk have notified the Securities and Exchange Commission that he now intends to close on his purchase of Twitter at the price agreed to in April.

The letter signed by Skadden, Arps, Slate, Meagher & Flom partner Mike Ringler stated closure is contingent on receiving debt financing and having Chancellor Kathaleen McCormick enter a stay in the broken-deal case pending in the Court of Chancery and halt the trial scheduled to start in less than two weeks.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]