TWTR - Musk pushes to stay Twitter legal action suggesting closing by Oct. 28

After a few days of relative quiet on the docket, Elon Musk has filed a motion to stay legal action in Twitter v. Musk et al., saying the circumstances have changed and his team now expects his $44B buyout of Twitter ( NYSE: TWTR ) to close Oct. 28 or earlier.

That action isn't likely to go far, though, as it only comes from Musk's team and lacks a response from Twitter - which would suggest the two sides aren't much closer to settling their issues than they were yesterday. It's a motion to stay, though, and will compel some court action.

Meanwhile, the two sides are racing to complete an agreement on the litigation by Monday, the WSJ says it's heard from a source.

A volume burst into Twitter stock has evened out with the shares roughly where they were, down 1.3% on the day to $50.63 each, vs. Musk's committed deal price of $54.20 per share.

Multiple media reports suggest the issues in contention now are the debt financing conditions to the $44B take-private deal. Banks including Morgan Stanley, Bank of America and Barclays are set to provide some $13B in debt for the deal .

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