'I wouldn't be surprised to wake up next week and see Musk raise what he called his best and final offer to possibly $64.20 per share,' an investor said.
With Twitter's quarterly earnings report expected Thursday and an offer by Elon Musk looming over the board, several sources have claimed shareholders are escalating pressure to negotiate the Tesla CEO's"best and final offer" to purchase the company.
Sources said that while Twitter shareholders have varying ideas of a fair price, many urged the company to consider negotiations, according to a report from Reuters. The sources said that upon release of the report, the board may find Musk's bid of $54.20 per share too low, but some still want to negotiate a better offer. Shares of Twitter closed at $48.93 on Friday.
Options include opening the books to encourage a bigger bid or reaching out for offers from other interested bidders.
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