Musk lawyers say Twitter refusing new $44bn bid for company

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Twitter is asking a Delaware court to proceed with an upcoming trial against Elon Musk&comma; saying the billionaire refuses to accept the &OpenCurlyDoubleQuote;contractual obligations” of his April agreement to buy the social media company for 44 billion dollars &lpar;£39 billion&rpar;&period;<&sol;p>&NewLine;<p>Twitter attorneys sent a letter on Thursday to the Delaware Chancery Court’s head judge&comma; not long after Mr Musk’s legal team asked her to call off the trial while he works on a renewed bid to buy the company&period;<&sol;p>&NewLine;<p>Twitter disputed Mr Musk’s claim that Twitter is refusing to accept the new bid&comma; which Mr Musk told the company about earlier this week after trying to terminate the deal over the summer&period;<&sol;p>&NewLine;<p>Twitter has been seeking a court order to force the completion of the merger and said it intends to close the deal at the agreed-upon price&comma; but described Mr Musk’s move to delay the trial as &OpenCurlyDoubleQuote;an invitation to further mischief and delay&period;”<&sol;p>&NewLine;<p>Elon Musk’s lawyers have said Twitter is refusing to accept the Tesla billionaire’s renewed 44 billion dollar bid for the social media company and are asking a Delaware court to halt an upcoming trial&period;<&sol;p>&NewLine;<p>Mr Musk made a renewed offer to take over to company earlier this week&comma; hoping to end a protracted legal dispute that began when Musk tried to back out of the April deal and Twitter sued&period;<&sol;p>&NewLine;<p>Twitter said earlier this week that it intends to close the deal at the agreed-upon price&comma; but the two sides are still booked for an October 17 trial in Delaware over Mr Musk’s earlier attempts to terminate the deal&period;<&sol;p>&NewLine;<p>On Wednesday&comma; the judge presiding over the case said she will continue to press on towards the trial because&comma; at the time&comma; neither side had formally moved to stop it&period;<&sol;p>&NewLine;<p>Mr Musk’s attorneys said the trial should be adjourned to leave more time for him to secure the financing&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Twitter will not take yes for an answer&comma;” said the court filing signed by Mr Musk’s lawyer Edward Micheletti&period; &OpenCurlyDoubleQuote;Astonishingly&comma; they have insisted on proceeding with this litigation&comma; recklessly putting the deal at risk and gambling with their stockholders’ interests&period;”<&sol;p>&NewLine;<p>Twitter sued Mr Musk to force him to complete the purchase after he tried to back out four months ago&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ecc30da4b6c">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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