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This move is part of a broader inquiry into Musk's actions and statements concerning his stock purchases and the disclosures he made about them during that time.
A US district judge said shareholder of erstwhile Twitter could try to prove that Musk intended to defraud them by waiting 11 days to reveal he bought 5% shares
The company succeeds in forcing itself into the hands of an unwilling owner
Twitter Inc in a statement said that its stockholders have approved the previously announced merger agreement for Twitter to be acquired by affiliates of Elon Musk for $54.20 per share in cash.
Twitter confirmed that a preliminary count shows it has enough votes to approve the deal, reports The Verge.