PGRE Jun 2024 7.500 put
| Previous Close | 2.6500 |
| Open | N/A |
| Bid | 2.7000 |
| Ask | 3.1000 |
| Strike | 7.50 |
| Expire Date | 2024-06-21 |
| Day's Range | 2.6500 - 2.6500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
ReutersRevised 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.
ReutersParamount's special committee agrees to recommend Skydance deal, WSJ reports
Reports on a takeover offer from Skydance Media and a consortium of Apollo Global Management and Sony Pictures, and another $30 billion bid from media entrepreneur Byron Allen have left the stock see-sawing for months. An exodus of advertisers and cord-cutting have hammered Paramount's traditional TV business, which accounts for more than half of its revenue. Media mogul Shari Redstone has received expressions of interest from at least two parties in buying all or part of her company National Amusements, which holds 77% of Paramount's Class A voting stock, the report said.
ReutersParamount Global's co-CEOs to unveil strategy at town hall on Wednesday
LOS ANGELES (Reuters) -Paramount Global's co-CEOs, CBS chief George Cheeks, MTV's Chris McCarthy, and film studio head Brian Robbins, will lay out their strategy next week, said an executive who spoke on condition of anonymity on Friday. The all-hands meeting follows Paramount's annual shareholder meeting on Tuesday. The three Paramount executives were appointed to the office of the CEO on April 29, following the departure of CEO Bob Bakish, who was at odds with the company's controlling shareholder, Shari Redstone.
