Paramount's stock slides after Edgar Bronfman Jr. pulls bid, but bondholders seem to like the news
Paramount Global's stock PARA slid 5% Tuesday after American businessman Edgar Bronfman Jr. scrapped his bid for the company's parent, National Amusements, but bondholders seemed to like the news.
Paramount Set for Skydance Takeover After Bronfman Withdraws Bid
Paramount Global's (PARA) special committee said Edgar Bronfman Jr. has withdrawn from bidding for Shari Redstone's media empire, setting the stage for the entertainment giant to be sold to David Ellison's Skydance Media.
Paramount Stock Falls After Bronfman Withdraws Bid. Why It's Bad News for Shareholders.
Edgar Bronfman Jr's decision to pull out during a "go-shop" period sets the stage for David Ellison's Skydance Media to buy Paramount Global.
Paramount Global stock: an outright bargain with a 35% upside
Paramount Global (PARA) stock price has been in the spotlight this year as traders focused on the ongoing sale process by Shari Redstone. It has continued to underperform the market as it crashed by over 23.40% while the Dow Jones and the S&P 500 indices have soared to their all-time highs.
Paramount Board Special Committee Confirms Skydance Merger Will Close In First Half Of 2025, Says “Go-Shop” Period “Has “Concluded”
A special committee of Paramount Global's board set up to steer its M&A process has declared an end to the “go-shop” period in its pending Skydance Media merger and says the transaction will close in the first half of 2025.
Edgar Bronfman drops Paramount bid
Edgar Bronfman Jr. exits his bid to own Paramount, clearing the path for Skydance Media sale. Bronfman, the ex-CEO of Warner Music Group, withdrew his bid just before the merger deadline.
Media exec Edgar Bronfman Jr. pulls out of race to acquire Paramount
Media veteran Edgar Bronfman Jr pulled out of the race to take control of Paramount Global (PARA.O), opens new tab, he said on Monday.
Edgar Bronfman “Exiting” $6B Bid For Paramount, Clears Way For Skydance Merger
The Paramount Global ball is back in Skydance's court as Edgar Bronfman has suddenly discontinued his $6 billion bid for the Shari Redstone-run media giant. “Tonight, our bidding group informed the special committee that we will be exiting the go-shop process.
Edgar Bronfman Drops Bid for Paramount, Paving Way for Skydance Deal
Edgar Bronfman Jr. has walked away from bidding for Shari Redstone's media empire, paving the way for the company to be sold to David Ellison's Skydance Media.
Media exec Bronfman pulls out of race to acquire Paramount
Media veteran Edgar Bronfman on Monday said in a statement that his bidding group had pulled out of the race to take control of Paramount Global and exited the go-shop process.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Initiates Investigation into Paramount Global
NEW YORK, NY / ACCESSWIRE / August 26, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into Paramount Gl
NEW YORK, NY / ACCESSWIRE / August 26, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.
