Elon Musk References 1989 Bestseller On RJR Nabisco Leveraged Buyout; Is He Closing In On Twitter Buy?

Tesla CEO Elon Musk tweeted late Friday ‘The Barbarians are at the Gate,’ which to some might suggest gibberish. Twitter closed Friday’s session 3.93% higher at $48.93, according to BenzingaPro data. Twitter adopted a poison pill after Musk’s disclosure of his intent to take the company private. Musk has previously conveyed through a few cryptic tweets that he might go in for a tender offer, taking the fight directly to shareholders. Reports suggested PE firm Thoma Bravo could table a competing bid, although neither the PE firm nor Twitter have confirmed any proposal as yet. Twitter for its part adopted a poison pill following Musk’s announcement of his intention to take Twitter private, although no proposal has been confirmed. . . .

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