At the annual meeting, Reuters- Twitter Inc will face skeptical shareholders, as doubt remains over whether the social media company will complete its deal with billionaire Elon Musk at the agreed-upon price.
The $44 billion acquisition was temporarily on hold, according to the Tesla chief executive on May 13, while he sought more information about the proportion of fake accounts on Twitter.
The company said last week it remained committed to the deal at the agreed price. The shares of Twitter closed on Tuesday at $35.76, representing a 34% discount to the $54.20 per share deal price.
A Twitter spokesperson said that the company will not answer deal related questions when the virtual annual meeting will include a question and answer session on Wednesday.
The company is expected to produce a report on its impact on civil rights and lobbying activities, as well as five stockholder proposals that are all opposed by management.
Donna Hitscherich, a professor of finance at Columbia Business School, said the meeting would not be particularly relevant to the agreement to be acquired by Musk.
She said that if shareholders approve any of the proposals, it will be non-binding.