Oct 27 (Reuters) - Twitter Inc (TWTR.N) shares volition beryllium suspended from trading connected Friday, the New York Stock Exchange's website showed, arsenic billionaire Elon Musk faces a court-ordered Oct. 28 deadline to adjacent his $44 cardinal woody for the societal media platform.
Musk, the world's richest person, visited Twitter's office successful San Francisco connected Wednesday and hinted helium was the company's apical brag aft updating his illustration bio to "Chief Twit".
Reuters reported connected Tuesday that equity investors, including Sequoia Capital, Binance, Qatar Investment Authority and others, had received the requisite paperwork for the financing committedness from Musk's lawyers.
The deal's completion would people an extremity to a suit by Twitter, which, on with investors, present expects the woody to beryllium completed connected its archetypal presumption of $54.20 per share.
The company's banal closed astatine $53.35 connected the NYSE connected Wednesday. They were up astir 1% astatine $53.90 successful extended trading, somewhat beneath Musk's connection price.
Reporting by Mrinmay Dey successful Bengaluru; Editing by Savio D'Souza
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