Twitter to hold shareholder vote on Musk’s offer in September

Twitter Inc said on Tuesday it would hold a shareholder meeting on Sept. 13 to vote on the social media company’s proposed $44 billion takeover offer by Tesla chief Elon Musk.

The company’s plan, which was disclosed in a filing, comes as the world’s richest person prepares for a legal showdown with Twitter in October for walking away from his offer to buy the social media company.

At the meeting, shareholders will be asked to vote on a proposal to approve the compensation that may be payable by Twitter to certain executive officers in connection with the buyout, Twitter said in a filing.