Paramount Pursuit of Skydance Exclusive Talks Over Competitive Bids ‘Averse to Fair Market Value,' Investor Says [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
The firm, which is a long-term shareholder with a 1.8% stake in Paramount as of the end of 2023, told TheWrap that any talks that “forego competitive bidding in favor of an exclusive discussion with a single buyer, particularly where the reported control premium differentiates the financial position of a single shareholder over all other shareholders, is averse to the fair market value of a company.” A deal from Skydance would have to be approved by Paramount's special committee of independent directors. Three of the independent committee's members — Dawn Ostroff, Nicole Seligman and Frederick Terrell — and Redstone's longtime attorney Rob Klieger will not stand reelection at Paramount's annual meeting on June 4. The board will be reduced to a total of 7 directors, including Paramount's non-executive chairwoman Shari Redstone, CEO Bob Bakish, Barbara Byrne, Linda Griego, Judith McHale, Charles E. Phillips, Jr., and Susan Schuman. Redstone has notably recused herself from Paramoun
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PARAA
News
- Paramount Global ousts CEO Bob Bakish, replaces him with trio of execs as it eyes Skydance merger [Yahoo! Finance]Yahoo! Finance
- Paramount Global-B (PARA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Paramount Announces CEO Bob Bakish's Exit as Merger Looms [Yahoo! Finance]Yahoo! Finance
- Paramount Global's New Leadership Trio Tell Staff in Memo After Bakish Ouster: ‘We Know This Has Been a Challenging Time' [Yahoo! Finance]Yahoo! Finance
- Shari Redstone, Newly Elevated Execs Address Paramount Staff Following Bob Bakish's Exit, Talk “Stability” & “Challenging Days” Ahead [Yahoo! Finance]Yahoo! Finance
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/29/24 - Form 8-K
- PARAA's page on the SEC website