Twitter Inc.’s board mentioned it plans to implement its $44 billion settlement to be purchased by Elon Musk, saying the transaction is in the very best curiosity of all shareholders.

“We intend to shut the transaction and implement the merger settlement,” the board mentioned Tuesday in an announcement to Bloomberg Information. Administrators voted earlier to unanimously advisable that shareholders approve Musk’s $54.20-a-share supply.

The proposed takeover features a $1 billion breakup payment for every get together, which the Tesla CEO should pay if the deal falls aside as a consequence of financing points. However Musk can’t simply stroll away by paying the cost.

The merger settlement features a particular efficiency provision that permits Twitter to pressure Musk to consummate the deal, in response to the submitting. That might imply that, ought to the deal find yourself in courtroom, Twitter would possibly safe an order obligating Musk to finish the merger slightly than successful financial compensation for any violations of it.

The board’s assertion comes as Musk seems to be maneuvering to ditch or renegotiate his supply.

Musk mentioned final week that the deal was “on maintain” till he will get extra data, particularly proof from Twitter that so-called spam bots make up lower than 5% of its customers.

On Monday Musk stoked hypothesis that he may search to renegotiate the takeover, saying at a tech convention in Miami {that a} viable deal at a lower cost wouldn’t be “out of the query.”

Twitter has mentioned it’s dedicated to finishing the sale. The shares, which had dropped for seven straight buying and selling days, closed Tuesday up 2.5% to $38.32, nonetheless effectively under the supply worth.