Musk’s $44 billion Twitter buyout challenged in shareholder lawsuit

Musk’s $44 billion Twitter buyout challenged in shareholder lawsuit

By Jonathan Stempel

(Reuters) – Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025.

In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade a quick merger because Musk had agreements with other big Twitter shareholders, including his financial adviser Morgan Stanley and Twitter founder Jack Dorsey, to support…


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