Lawyers for Musk confirmed yesterday that the billionaire will push ahead with the deal after performing another dramatic U-turn on his decision to walk away from the deal.
The filing confirmed reports from Bloomberg yesterday that the Tesla chief executive had written to Twitter offering to close the deal at the original price of $54.20 a share, which sent shares in the social media site climbing more than 12% to $47.93 in New York before trading was halted.
Musk had been set for a courtroom showdown with Twitter on 17 October, with multiple legal commentators warning he had a slim chance of succeeding in his attempt to scrap the deal.
"We write to notify you that the Musk parties intend to proceed to closing of the transaction," a notice filed by Musk's lawyers with the Delaware chancery court reads.
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England suffer as Masood and Shafique turn up heat
For weeks Pakistan teased England with talk of green pitches and seamer-friendly conditions, and then in the final hours before the opening game they peeled off the covers, shaved off anything betraying any evidence of chlorophyll, gave the heavy roller a final, deathly spin and, once the coin had fallen in their favour, told the tourists to do their best.
Russian court jails US citizen, 72, accused of fighting for Ukraine's army
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Pakistan outlaws Pashtun group as government seeks to stifle dissent
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Nobel prize awarded to two US researchers for discovery of microRNA
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Coroner urges health secretary to fix lack of ME care provision
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Concerns in Telegraph newsroom over bidder's hardline views on Israel
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Chagos deal: Lammy hails handover of islands as 'a victory for diplomacy'
David Lammy has hailed the decision to return the Chagos Islands to Mauritius as a deal to save a strategically important UK-US military base, after accusations from opposition MPs that an important asset was being given away.
Vardy challenges 'sheer magnitude' of Rooney's £1.8m legal bill for libel trial
Rebekah Vardy has challenged the \"sheer magnitude\" of Coleen Rooney's £1.8m legal costs from the \"Wagatha Christie\" libel trial, which include her lawyer's stay at the Nobu hotel and minibar bill, the high court has been told.
Gaza The oldest and youngest victims of Israeli attacks
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