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0 0.00105633802816893 0.00140845070422532 0.00105633802816893 0.00563380281690141 0.00281690140845064 0.00211267605633798 0.000176056338028134
Stock impact report

Paramount extends tender offer deadline to woo Warner shareholders as proxy fight heats up [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
The Ellison-controlled Paramount disclosed Thursday in a regulatory filing that it was extending the deadline of its tender offer for Warner Bros. Discovery shares. The firm had previously asked Warner stockholders to sell Paramount their shares for $30 a piece by Wednesday. The new deadline is Feb. 20. Paramount also filed proxy materials with the Securities & Exchange Commission, saying it would challenge the alternative bid for Netflix at an upcoming special meeting of Warner shareholders to vote on the company's sale. Warner's board has not yet set the meeting date but has suggested the pivotal vote could occur by April — pushing the pitched battle for the company into spring. Warner's board unanimously agreed on Dec. 4 to sell much of the company to Netflix for $27.75 a share. Before that can happen, Warner must spin off CNN and other basic cable channels into a new publicly traded company called Discovery Global. The multi-step process is giving Paramount a wide window Show less Read more
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