Twitter Accepts $44 Billion Offer From Elon

JC Parets
April 26, 2022

It’s been just over three weeks since Elon Musk filed his original 13G and revealed an investment in Twitter $TWTR.

Now, it looks like he’s about to take control of the entire company.

Yesterday, it was announced that Twitter has accepted his $44 billion offer to take over the company and go private.

Here’s what else is happening in the world of insider activity…

We had a rare Uncle Carl sighting yesterday as Icahn reported an additional purchase of about $23 million in his long-time holding Xerox $XRX.

In its latest Form 4 filing, GIC Private LTD reported a buy of $25,603,392 in Affirm Holdings $AFRM, as the fund continues to build its position.

Walter W Bettinger II, CEO of Charles Schwab $SCHW, filed a Form 4 revealing a purchase of roughly $2,545,959 worth of his own company’s stock.

Here’s The Hot List, with data through April 25, 2022:

The only 13D on our list today was filed by RA Capital Management, revealing a 7.10% ownership stake in the small-cap biopharmaceutical company Aclaris Therapeutics $ACRS.

In the options market, we saw bullish flow in two auto parts companies, QuantumScape Corporation $QS and The Goodyear Tire & Rubber Company $GT.

There was also a bullish flow in the clothing retailer The Gap Inc $GPS.

Stay tuned. We'll be back Wednesday with more insider action.

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All Star Charts Team

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