Previous Close | 0.2500 |
Open | 0.2500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 25.00 |
Expire Date | 2024-06-21 |
Day's Range | 0.2500 - 0.2500 |
Contract Range | N/A |
Volume | |
Open Interest | 86 |
Merger and acquisition news sent several stocks, including media company Paramount Global, higher early Monday. Meanwhile, a medical-waste-disposal company was positioned for a possible breakout on acquisition reports. Paramount stock bolted more than 6% higher during premarket action on Monday following reports Hollywood studio Skydance is looking to buy a number of nonvoting Paramount shares at around $15 per share.
Skydance Media has revised its offer to buy Shari Redstone’s firm National Amusements and merge with Paramount Global giving Paramount’s nonvoting shareholders the option to cash out at a premium, The Wall Street Journal reported. After a prolonged period of speculation and uncertainty about what will happen to the media conglomerate and film producer, Paramount’s investors may want to take the improved offer.
(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 OnceGameStop Shares Double as Gill Post Shows $116 Million BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep Prices Across US