Elon Musk’s takeover of Twitter has become a big question after a series of mixed messages from the billionaire. But despite the stock’s wild swings, merger experts still expect the deal to go through -- as long as the price comes down.
The shares plunged on Friday when Musk tweeted that the acquisition was “temporarily on hold” as he seeks more information on the number of fake accounts on the platform. If the deal falls through, Twitter is likely to trade at $US30.86 a share, according to the average of estimates from survey respondents. That’s 17 per cent below Monday’s closing price.
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