Why is TWTR still at $50?


I own a TWTR shares with an average of $56. Based on my understanding, when the deal goes through (Elon buying TWTR) anyone owning TWTR shares will be given $54 per share. If that is the case then why is TWTR still at $50? Isn't it a free 8% jump for people buying TWTR? Am I missing out on something?


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