WARNER BROS. BOARD URGES SHAREHOLDERS TO REJECT PARAMOUNT BID AND BACK NETFLIX OFFER. (PHOTO).

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 Warner Bros. board urges shareholders to reject Paramount bid and back Netflix offer Warner Bros. Discovery’s board of directors has unanimously urged shareholders to reject a takeover bid from Paramount Skydance, throwing its full support behind an earlier offer from Netflix. In a statement released Wednesday, the board said it had completed a detailed review of Paramount’s recently launched tender offer and determined that it failed to deliver sufficient value while exposing shareholders to substantial risks and potential costs. Board chair Samuel A. Di Piazza Jr. said the assessment led directors to conclude that the Paramount proposal was not in the company’s or investors’ best interests. The board emphasized that Netflix’s bid represents a superior and more certain option for shareholders, citing clearer value and fewer risks compared with the competing offer. Market reaction reflected investor caution, with Warner Bros. Discovery shares dipping in early trading while Netflix...

GOVERNOR WIKE TO OGBAKIRI PEOPLE: WORK TOWARDS THE PEACEFUL RESOLUTION OF RUMUORO/OKPOROWO LAND CRISIS.{PHOTOS}.#PRESS RELEASE.

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     Rivers State Governor, Nyesom Ezenwo Wike has advised the people of Rumuoro and Okporowo communities of Ogbakiri Town in Emohua Local Government Area to work towards the peaceful resolution of the land dispute in the area.
Governor Wike gave the Chiefs and Elders of Rumoro and Okporowo Communities two weeks to resolve their differences for the entrenchment of peace.
He spoke on Thursday at the Government House Port Harcourt when he met with the Rumuoro and Okporowo communities of Ogbakiri Town.
He said: "I don't think there will be any right thinking Ogbakiri person that will want violence to erupt in the area.
"Ogbakiri people should not do anything that will send the town back to the era of violence. Ogbakiri lost so much during the last violence in the area".
The Governor pleaded that the right thing should be done by the disputing communities to avoid any form of blood.
"I want to plead with you , go back and come back in two weeks. When you return in two weeks, the government would have taken its position on the matter.
"During that meeting, Service Commanders will be in attendance. As brothers, let's find way to make peace among ourselves. I will give you two weeks. I will invite security agencies, so that the right thing is done", he said.
Speaking on behalf of Rumuoro Community, Barrister Bethel Okwu said that the petition to the Rivers State Governor was premised on several Court judgments they obtained since 1921 over the disputed land.He said that despite the court judgements youths from Okporowo Community have invaded the disputed area where they have commenced farming and other economic activities. He said that they have restrained their youths in expectation of an amicable resolution of the matter.
Spokesman of Okporowo Community, Prince Sydney Enyindah said that they are not aware of the petition. He said they are not privy to the contents of the petition.
Simeon Nwakaudu ,
Special Assistant to the Rivers State Governor, Electronic Media.
25 July, 2019.
More photos below.
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