Update (1200ET): In an emailed statement to Bloomberg, Twitter said it "has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement."

The company said it believes the deal is in the best interest of all shareholders and intends to "close the transaction and enforce the merger agreement at the agreed price and terms."

TWTR shares have recovered some of the initial knee-jerk losses...

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Elon Musk said in an amended 13D filing that he believes Twitter is breaching their merger agreement by not providing information about spam and fake accounts.

Musk said he believes Twitter is "actively resisting and thwarting his information rights" by refusing to disclose the information.