TWTR - Tesla CEO Elon Musk to face deposition with Twitter ahead of October trial

• Tesla ( NASDAQ: TSLA ) CEO Elon Musk is schedule d to spend the next few days with lawyers for Twitter ( NYSE: TWTR ), answering questions ahead of an October trial that will determine whether he must carry through with his $44B pact to acquire the social platform after attempting to back out of the deal.
• The deposition, planned for Monday, Tuesday and a possible extension on Wednesday, will not be public.
• As of Sunday evening it was not clear whether Musk will appear in person or by video.
• The trial is set to begin October 17 in Delaware Chancery Court, where it's scheduled to last just five days.
• With Twitter's shareholders having approved the deal (with 98.6% of votes cast in favor ), any settlement of the case would need to be resubmitted for another lengthy approval process .
• Last week, Wells Fargo sees more conviction on successful Twitter-Musk sale after expert call .

For further details see: