elon musk has clinched a deal to buy twitter for $41; billion cash, in a transaction that will shift control of the social media platform, populated by millions of users and global leaders, to the world s richest person. it is a seminal moment for the 16 year old company, which emerged as one of the world s most influential public squares, and now faces a string of challenges. the deal represents a near 40% premium to the closing price, the day before musk disclosed he had bought a more than 9% stake. even so, the offer is well below the $70 range where twitter was trading last year. joining me now is daniel ives, managing director, equity research. daniel, is this a good dealfor the company, for twitter? for twitter investors, the company, for twitter? igrr twitter investors, they are p°ppin9 twitter investors, they are popping champagne, because without musk, this is a stock probably less than $30. twitter has been behind the eight ball, thatis has been behind the eight
ex president is staring down a deadline. donald trump must pony up a nearly $500 million bond or face the consequences. consequences that new york attorney general letitia james has said will include seizing trump s assets. that looming possibility appears to have sent donald trump into a downward spiral. he s had multiple raised tweets and an emergency fund-raising texting asking donors to help him. against that back drop attorney general games is turning up the heat, pushing back on trump s claims that they re very difficulty getting a bond. letitia james has accused trump s team of faulty logic. quote, based on the false premise that they must obtain a single bond for the entire judgment of $464 million, she suggests dividing the bond into smaller chunks. she calls trump s bluff on not wanting to do a fire sale to raise money, which she says forced her office to do the grunt work of liquidating trump s assets. then she suggests something doesn t add up. she writes, trump s
states, in 2020. fani willis gave a deadline for everyone to turn it themselves in, and beginning yesterday morning again started showing up arrested. i was scott hall, a bail bondsman from the atlanta area, involved in the breach of voting systems in the georgia county of coffee. next, one of the architects of the conspiracy to overthrow american democracy, john eastman, lawyer to the ex president, also the author of the infamous cool memo, suggesting vice president mike pence could unilaterally declare don trump the winner on january six. to fake electors from georgia, david schaffer, former state senator and former chair of the state republican party, and kathy latham, former head of the party in coffee county. then came to the lawyers, ray smith, georgia attorney on the trump team, who made false claims about election fraud flawed, kenneth cheeseborough who authored no less than three coup memos pushing the fake electors and sidney powell one of trump s most public facing
So its prudent to withdraw the current application, he added.The refinancing will extend the repayment timeline to five years versus the repayment of the remaining TLB due in 2026 the source said.The bond issuance would significantly lower the current effective interest rate of 14 per cent on its existing USD 450 million Term Loan B TLB facility.The refinancing is expected to result in annual interest savings of USD 8-10 million Rs 66.4-83 crore in the first year, after accounting for the costs associated with the bond issuance.
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