Elon Musk registers three 'X Holdings' companies to support Twitter takeover bid | Fox Business

Elon Musk has registered three companies in Delaware under the name “X Holdings” to support his bid to buy Twitter and take the social media giant private.  Ticker Security Last Change Change % TWTR TWITTER INC. 48.93 +1.89 +4.02% According to a filing with the Securities and Exchange Commission on Wednesday, X Holdings I would serve as the parent company overseeing a potential transaction, while X Holdings II would merge with Twitter and be used to purchase its outstanding common stock. A separate SEC filing adds that X Holdings III would be used to help fund the transaction. HOUSE REPUBLICANS CALL ON TWITTER TO PRESERVE ELON MUSK’S TAKEOVER BID RECORDS Musk is exploring whether to commence a tender offer to acquire all outstanding shares of Twitter’s common stock, citing the board’s lack of response to his $54.20 per share offer. Musk says he has received commitments of approximately $46.5 billion to help finance a potential deal, including roughly $21 billion in equity financing and around $25.5 billion in debt financing through Morgan Stanley Senior Funding and other firms, including Bank of America, Mizuho Bank, Barclays, MUFG, Société Générale and BNP Paribas. Twitter headquarters in San Francisco Oct. 27, 2021.  (Tayfun Coskun/Anadolu Agency…
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