BRK.B Jan 2025 370.000 put
| Previous Close | 8.20 |
| Open | 8.90 |
| Bid | 8.00 |
| Ask | 8.65 |
| Strike | 370.00 |
| Expire Date | 2025-01-17 |
| Day's Range | 8.50 - 8.90 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.27k |
- Yahoo Finance Video
Paramount shareholder raises dilution concerns in Skydance bid
Paramount Global (PARA) is caught in the middle of a bidding war between Skydance Media and a joint offer from Sony (SONY) and Apollo Global Management (APO). Paramount CEO Bob Bakish has stepped down from his role, replaced by an "Office of the CEO" consortium comprised of three chief executives from across Paramount's top broadcast networks. Ariel Investments Co-CEO John Rogers, who is also a Paramount shareholder, finds Bakish's ousting to be a "pretty extraordinary" event during major M&A talks. Rogers sits down with Catalysts to share his thoughts on these headlines and what is ultimately being offered by prospective bidders. "We really do believe that Apollo, from what we've read, again, has a much stronger deal... Apollo has plenty of cash, a potentially great partner with Sony. it just makes much more sense to have those kind of experienced hands take over this company, pay out all of us A&B shareholders, get cash for our shares — it makes all the sense," Rogers says. "Skydance is an up-and-coming company, it's smaller. It's something we don't know whether it can work, but the price they're willing to pay and the valuations that we've seen, it's just a significant discount from the value we would get from Apollo." Rogers also weighs in on what to expect from Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett at the company's annual shareholders meeting on Saturday, May 4. Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Investor's Business DailyThis Is The Ultimate Warren Buffett Stock: Is It A Buy Ahead of Annual Meeting?
Berkshire Hathaway is the ultimate Warren Buffett stock — but is it a buy after the death of a key leader and as a mammoth cash pile builds?
Insider Monkey25 Most Profitable Companies in the US
In this piece, we will take a look at the 25 most profitable companies in the US. If you want to skip our overview of the US economy and the current business climate, you can jump ahead to the 5 Most Profitable Companies in the US. With the second quarter of 2024 with us, Wall Street […]
