TECH - Why Is Paramount Global Stock Trading Higher On Monday? | Benzinga
Paramount Global (NASDAQ:PARA) is considering Skydance Media's revised offer to purchase National Amusements and merge with Paramount Global.
The offer provides nonvoting shareholders an option to cash out at a premium.
Last week, Skydance, led by David Ellison, proposed buying up to a certain number of nonvoting Paramount shares at roughly $15 each, representing a 26% premium, the Wall Street Journal reported.
Under the proposed deal, Skydance and its investors would fund the buyout of National Amusements, inject at least $1.5 billion ...