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0 0 0.0012280701754386 0.00228070175438601 0.000701754385965022 -0.00087719298245609 -0.00350877192982449 -0.00456140350877189
Stock impact report

Paramount extends its deadline for its Warner Bros. Discovery tender offer, again [Globe and Mail, The (Toronto, Canada)]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Discovery, while doubling down on a coming proxy fight. Warner stockholders now have until Feb. 20 to sell their shares to Paramount for $30 apiece in cash — a price that remains unchanged, giving it a total enterprise value of over $108 billion including debt. It marks the second extension the company has made since challenging Warner's merger agreement with Netflix last month. As of late Wednesday, Paramount said that more than 168.5 million Warner shares had been tendered in support of its offer. But that's still far below the 50% mark it would need to effectively gain control of Warner — which has about 2.48 billion shares outstanding in series A common stock today. In an escalation of its hostile bid, Paramount has also promised a proxy fight. Earlier this month, the company announced plans to nominate its own slate of directors to Warner's board before the next shareholder meeting. And on Thursday, Paramount filed preliminary materials to solicit proxies in opposition to t Show less Read more
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