Bloomberg Law
April 15, 2022, 3:25 PM UTC

Elon Musk Turns To McDermott Lawyers for Twitter Takeover Bid

Roy Strom
Roy Strom
Reporter

McDermott Will & Emery lawyers are advising Elon Musk in his effort to take Twitter Inc. private at a valuation of $43 billion.

McDermott partners John Lutz and Heidi Steele filed papers Thursday with the U.S. Securities and Exchange Commission announcing Musk’s attempt.

New York-based Lutz heads the firm’s structured investment and derivatives group. Steele, a partner in Chicago, advises on corporate securities and mergers and acquisitions.

Musk, the world’s richest person, has boasted that he is in a position to help unlock Twitter’s potential. Investors have been skeptical so far, as company shares closed at $45.08 Thursday, significantly below ...

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