Twit­ter's drop to low­est since IPO may lure takeover of­fers

The Pak Banker - - COMPANIES/BOSS -

Twit­ter Inc. man­age­ment's tough talk may be turn­ing the com­pany into a takeover tar­get.

Shares slumped 5.6 per­cent on Mon­day to $29.27, the low­est price since the com­pany's Novem­ber 2013 ini­tial public of­fer­ing. The move pushed Twit­ter be­low $20 bil­lion in mar­ket value, mak­ing it more at­trac­tive to po­ten­tial ac­quir­ers like Google Inc., in­vestors said.

"Some­times a dip in trad­ing price of a stock can be a trig­ger­ing event for deeper M&A dis­cus­sions," said Ted Hol­li­field, co-head of the ven­ture and merger and ac­qui­si­tion prac­tice at Al­ston & Bird LLP in Menlo Park, Cal­i­for­nia. He holds Twit­ter stock per­son­ally.

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