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0.00118238250073917 -0.00177357375110834 -0.00177357375110834 0.014188590008868 0.0334023056458765 0.0255690215784807 0.0189181200118238 0.00369494531480934
Stock impact report

UPDATE 2-Twitter, Elliott agree on board seats, Silver Lake investment [Reuters (UK)]

Twitter, Inc. (TWTR) 
Last twitter, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.twitterinc.com
Company Research Source: Reuters
Twitter, Elliott agree on board seats, Silver Lake investment - Reuters 3 Min Read (Reuters) - Twitter Inc ( TWTR.N ) said on Monday that it will name three new directors to its board in an agreement with activist investor Elliott Management and private equity firm Silver Lake. Elliott’s head of U.S. activism, Jesse Cohn, and Silver Lake’s co-chief executive officer Egon Durban, will join the social media site’s board immediately and the company plans to appoint a third new director soon. Noticeably, the agreement appears to be leaving Jack Dorsey, Twitter’s chief executive, in place even after Elliott, which has a roughly $1 billion stake in Twitter, had pushed for his ouster. “While our CEO structure is unique, so is Jack and so is this company,” Twitter’s lead independent director Patrick Pichette said in a statement. Silver Lake will invest $1 billion in Twitter which the company said it would use to help fund a $2 billion share repurchase program. Twitter’s stock price fell 1.4 Show less Read more
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