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Elon Musk initiates a hostile takeover attempt for 100% of Twitter

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Elon Musk has made a bid to purchase Twitter Inc, the business that operates the microblogging social media site Twitter, putting an end to all suspicions. According to sources, Elon Musk, the CEO of Tesla and SpaceX, has offered $54.20 per share in cash for 100 percent of Twitter’s stock, valuing the deal at over $43 billion.

In a filing with the U.S. Securities and Exchange Commission on Thursday, the world’s richest man announced his aggressive takeover offer for the corporation. Following the announcement, Twitter’s stock jumped 18 percent.

Elon Musk had previously announced that he had purchased a 9.2 percent interest in Twitter, sparking suspicion that he may take the firm over. He was offered a place on the company’s board of directors as a result of his ownership, which he accepted at first. He eventually changed his mind and opted not to join the board of directors.

One of the terms of his nomination to the board of directors was that he could not raise his share in the company above 15%. He is no longer constrained by such constraints as an independent investor, and he has made a bid to buy Twitter’s whole stock.

As per a letter supposedly written by Musk to Twitter board chairman Bret Taylor, Musk stated that he invested in Twitter because he believes in its potential for global free expression, claiming that free speech is a societal requirement for a functioning democracy.

“However, since making my investment, I have come to see that the company, in its current form, can neither prosper nor satisfy this societal necessity.” In the letter, he stated that Twitter should be turned into a private firm.

“As a result, I am trying to purchase 100% of Twitter for $54.20 per share in case,” he stated while announcing his offer, “a 54 percent premium over the day I began investing in Twitter and a 38 percent premium over the day before my investment was officially reported.” He went on to say that his offer is the greatest and final one and that if it isn’t accepted, he will have to reevaluate his position as a shareholder.

“Twitter has amazing potential,” he continued. “I’ll get it open.”

Elon Musk, the world’s richest man, has the financial means to purchase 100% of Twitter’s stock. It will be interesting to observe how the Twitter board of directors and management respond to his offer. However, if the board of directors declines, he can buy all of the Twitter shares on the market, gaining enough shares to take over the board. For the buyout, Musk has chosen Morgan Stanley as his adviser.

While Musk’s offer price is higher than recent stock prices, it is lower than the company’s high pricing. Because Twitter’s stock exceeded $77 just last year, some stockholders may be unwilling to sell at $54.20, causing the deal to fail.

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Inter-School Cultural Cup Sees Overwhelming Participation In Navi Mumbai

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Navi Mumbai Students Shine At NMMC’s Inter-School Cultural Cup.

The Competition

The Inter-School Cultural Cup, organized by the Navi Mumbai Municipal Corporation (NMMC) Sports and Cultural Department, has received an enthusiastic response from students across the city. The event aims to encourage and showcase artistic talent, featuring competitions in singing, dance, short plays, and street plays.

The preliminary rounds, held on March 7 and 8, 2025, across two zones, saw over 4,000 students from various schools participating. A total of 54 schools competed in singing, 65 in dance, 28 in short plays, and 23 in street plays. These initial rounds were conducted in a rehearsal format without elaborate costumes.

A distinguished panel of judges evaluated the performances, including music composer Rigved Deshpande for singing and dancer Priya Samarth for dance. Following the intense preliminary rounds, 20 schools have qualified for the finals in singing and dance, while 10 schools each have advanced in short plays and street plays.

The finals for short plays and street plays are scheduled for March 12, 2025, at Vishnudas Bhave Auditorium, Vashi, followed by the singing and dance finals on March 13 at the same venue.

The competition will conclude with a grand prize distribution ceremony on March 13 at 4 PM, where winners will be honored for their outstanding performances. The event continues to serve as a prestigious platform for young performers to display their artistic skills.

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Commuters Are Severely Impacted By The Severe Bus Shortage At NMMT’s Ghansoli Depot

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There is a severe bus shortage at NMMT’s Ghansoli Depot, severely impacting commuters.

The Shortage

The Navi Mumbai Municipal Transport (NMMT) Ghansoli depot is facing a severe crisis, with over 50% of its fleet rendered non-operational due to poor maintenance and technical failures. The situation has led to significant inconvenience for daily commuters who rely on these services.

According to sources, out of the 114 buses in the depot’s fleet, as many as 75 are currently out of service. These buses have been grounded due to various technical issues, including engine failure, gear defects, and chassis cracks. As a result, only 39 buses are operational, of which eight are reserved for school students, leaving a mere 31 buses for public transport.

Commuters have raised concerns about the reliability and safety of the remaining operational buses, fearing mechanical failures due to inadequate maintenance. A Ghansoli resident voiced concerns about the potential risks posed by the poorly maintained buses.

NMMT General Manager Yogesh Kaduskar acknowledged the crisis and assured commuters that efforts are underway to repair and restore as many buses as possible. “We are working towards ensuring that maximum buses are repaired soon and brought on the road to serve commuters,” Kaduskar stated.

With limited buses available, passengers are struggling with overcrowding and increased waiting times. Many are urging NMMT to expedite repairs and improve fleet maintenance to restore normalcy to public transport in the region.

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On April 7, NMMC Will Host Lokshahi Din, And Citizens Are Encouraged To Submit Grievances

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The Navi Mumbai Municipal Corporation (NMMC) will conduct its monthly Lokshahi Din (Democracy Day) on April 7, 2025, in line with Maharashtra government directives. The initiative allows citizens to present grievances directly to the administration for resolution.

Residents wishing to submit complaints must apply in the prescribed format in two copies by March 2, 2025, addressing their applications to the Commissioner of NMMC with “Application for Lokshahi Din” clearly marked on the front.

According to an NMMC official, only personal grievances related to a single department and a single issue will be considered. Applicants must have already approached the relevant department or authority before applying. Matters under judicial consideration, revenue or appeal-related issues, service concerns, and establishment-related complaints will not be entertained.

Applications that fail to follow the required format or lack supporting documents will be rejected. Additionally, grievances that are not personal in nature or have already received a final response will not be considered.

The prescribed application format is available free of charge at the Public Relations Department, 3rd Floor, NMMC New Headquarters, Sector 15A, near Kille Gaonthan, CBD Belapur.

Lokshahi Din serves as a crucial platform for direct citizen engagement with the administration, ensuring transparency and accountability in governance. Residents are encouraged to submit their grievances promptly to take advantage of this opportunity.

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