Musk’s $44bn Twitter deal is an M&A arb dream — or nightmare

Musk’s $44bn Twitter deal is an M&A arb dream — or nightmare

Elon Musk’s fitful attempt to take over Twitter is shaping up to be the event of the year for hedge funds that bet on takeover deals going through or collapsing. Musk’s marijuana-inspired $54.20-a-share offer has helped keep Twitter’s shares aloft, even as the rest of the technology complex has been taken to the woodshed in …

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