Twitter shares drift towards Musk’s offer price as deadline looms

Twitter Inc’s stock inched closer to Elon Musk’s $54.20 per share buyout offer for the micro-blogging site on Wednesday, in a sign that investors are finally expecting the deal to go through ahead of a court deadline at the end of this week.

Shares of the social media company were last up 0.5% at a near seven-month high of $53.05 in premarket trading, the closest they have come to Musk’s offer since it was announced in mid-April.