Shares of Twitter Inc. were rising 1.8% in Tuesday morning trading after the social-media company reiterated in a proxy filing its recommendation that shareholders vote to approve Tesla Inc. Chief Executive Elon Musk’s bid to buy the company for $54.20 a share. The filing didn’t specify when the vote would take place. Twitter reached the $44 billion takeover agreement with Musk in April, but Musk has since raised issues about Twitter’s disclosures around bot activity on its platform. He said in May that the deal “cannot move forward” until he gained more clarity on whether Twitter’s assessment of the prevalence of bot users was accurate, a move widely seen as an attempt to renegotiate new terms for the deal in light of weaker stock-market trends, but Twitter’s management has said that it intends to move for a completion of the deal under the original terms. Musk had a prolific start to the week, weighing in on various issues from the Twitter deal to cryptocurrencies to the economy in an interview with Bloomberg’s editor in chief.
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