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-0.000718003949021704 -0.000531322922275982 0.000179500987255522 0.000718003949021704 0.000359001974510916 -0.000179500987255394 0.000718003949021704 0.00269251480883142
Stock impact report

Paramount Sweetens Warner Bros. Bid Terms to Woo Investors [Yahoo! Finance Canada]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Most Read from Bloomberg To underscore Paramount's confidence that it will get swift regulatory approval for its offer, the company said it will pay a “ticking fee” to Warner Bros. shareholders of 25 cents a share for every quarter the transaction is not closed beyond Dec. 31. Paramount stopped short of raising its $30-a-share all cash bid, however. The company also didn't address Warner Bros.' concerns that the combined businesses would be highly leveraged if its deal went through. Warner Bros. said in a statement it will review the amended tender offer and make a recommendation to shareholders afterward. While the enhanced terms add about $1.79 a share to cover termination and financing costs, they are unlikely to entice the Warner Bros. board, according to Bloomberg Intelligence analysts Geetha Ranganathan and Raveeno Douglas. “We don't expect Warner Bros. Discovery's board to engage unless the base bid is raised to at least $32 a share,” they said in a research note Tue Show less Read more
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