Welcome to Closing Bell everyone. We begin this hour with breaking news on Twitter.

Elon Musk will officially acquire Twitter taking it private for 5420 per share in a deal valued

at approximately 44 billion dollars.

The stock remains halted.

Right behind me, we're keeping an eye at post-8

here on the floor of the New York Stock Exchange.

Many crowd gathering there, waiting for the stock to open.

Expect it, maybe to go up toward that offer price.

It was at the top of the S&P 500 today,

up more than 5.5% at 5, 163 when it was halted.

Let's bring in Dan primac from axios

use of squale from truest and Mike Santoli my keeping an eye on the stock here

as far as the deal price what are we what are we looking for in the market it's amazing how

fast this got done and what a reversal and a change of heart it is for

Twitter's board right you have the board agreeing to a cash deal 5420 the stock

should open up right up against it. The only variables at this point is is

the financing going to be done. It's committed at this point. I think there's general confidence

it will get done. Is there a regulatory glitch in there? Unclear. It seems as if maybe the idea that potentially another

bidder comes in is pretty minimal at this point because you would think the

board would have had those feelers out before. And so at this point, the way the stock is,

there's not a lot of movement from this point up to the bid,

and we'll see if there's any other variables

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