PARA Jun 2024 11.000 put
- Bloomberg
Ellison’s Latest Paramount Offer Has a $15-a-Share Sweetener
(Bloomberg) -- Film producer David Ellison’s offer for Paramount Global includes an option for nonvoting shareholders to cash out a portion of their stock for about $15 a share, according to a person familiar with the matter.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceHomebuyers Are Starting to Revolt Over Steep Prices Across USMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneySaudi Arabia Puts Wall Street on Notice to Set Up Shop in
- Reuters
Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports
The new proposal values Paramount B-shares at a roughly 26% premium to Friday's close, the report added. A special committee of Paramount's board agreed to recommend a deal with Skydance Media after its sweetened offer last week, the Wall Street Journal separately reported on Friday. Skydance submitted a sweetened offer for its proposed merger with Paramount which is said to offer improved terms for both voting and non-voting Paramount shareholders, and provides more cash, a source told Reuters on Thursday.
- Investor's Business Daily
Apollo Global, IBD Stock Of The Day, Tests Buy Point With Takeover Buzz Paramount
Apollo Global tested a buy point amid a post-earnings rally. The investment management firm is eyeing a Paramount deal.
