Parties involved in evaluating offers for Paramount Global have raised questions about the legitimacy of Apex Capital Trust's bid for the company, one source familiar with the matter told Reuters.
Apex said it would assume Paramount's debt of $15.8 billion and would pay the $400 million break-up free to Skydance.
Paramount Global (NASDAQ:PARA) shares moved higher after investment firm Apex Capital Trust announced it had made an up to $43 billion competing bid for the entertainment company. Paramount has a 45-day “go-shop” period after it struck a merger deal with Skydance Media during which it can receive other offers.
Apex Capital Trust has submitted a competing offer to acquire Paramount Global in an all-cash deal for up to $43 billion, the investment firm said on Wednesday.
Former Warner Music chairman Edgar Bronfman Jr. is still in talks with bankers about a potential bid for Paramount Global's parent, National Amusements, Axios reported on Tuesday, citing sources.
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Paramount Group (PGRE) and COPT Defense (CDP). But which of these two stocks presents investors with the better value opportunity right now?
Billionaire Barry Diller signaled his digital-media conglomerate IAC was no longer in the race to buy Paramount Global , CNBC reported on Friday.
The plaintiff alleged the merger was unfair and disadvantageous to Paramount's Class B stockholders, who will not receive a fair share of the benefits compared to Redstone and National Amusements.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
He's a serious man, and if he does pull the trigger on litigation, it won't be without a good reason.
A couple of weeks ago, Skydance Media's offer to buy Paramount looked like it was dead. Now, both companies have a joint press release announcing the deal.
Paramount has a merger with Skydance finalized, but it doesn't fix the company's biggest problems.