Elon Musk once again dominated the weekend news flow, discussions, and analyses after he quietly pulled out of the deal to buy Twitter, Inc. (NYSE: TWTR ). As investors look ahead to a week that promises a lot of action both on the economic and corporate fronts, here's a recap of a few major headlines that hit the wire over the weekend:
Musk-Twitter On Warpath: Following Musk's disclosure that he is walking away from the deal, Twitter's board said it will seek legal recourse to enforce the deal. Reports suggested Twitter has hired M&A specialist Watchell, Lipton, Rosen & Katz to represent it in the legal battle with Musk. A case will be filed in the Delaware Chancery Court as early as this week, reports said.
Musk, for his part, has chosen Quinn Emanuel Urquhart & Sullivan LLP, which is currently representing him in the ongoing shareholder lawsuit over his taking Tesla, Inc. (NASDAQ: TSLA ) private tweet in 2018.
Trump Takes Aim at Musk: Former U.S. President Donald Trump came down heavily ...
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