That move would be applauded by a number of Class B shareholders, including Gamco, Matrix Asset Advisors and Aspen Sky Trust, who have all publicly expressed dismay about the Skydance transaction. Skydance’s “best and final” offer included merging its entertainment assets with Paramount, raising $3 billion to buy out common shareholders at about a 30% premium on an unaffected $11 per share price, and paying Redstone nearly $2 billion for her controlling stake.
https://www.cnbc.com/2024/05/02/sony-apollo-express-interest-in-paramount-buyout-amid-skydance-bid.html
(was anyway)
The stock isn't likely to climb much higher than this $14 range... (on the offer alone)
Unless the offer is negotiated higher of course...
...
But it has been a very nice move since around $10.12 tax day levels (before the move)...
..
.
The LION does NOT concern himself with the opinions of the sheep!
Recent PARA News
- Sweetgreen Rises 22% on Raised Forecasts, Doximity Jumps 30%, Rocket Lab Soars 14% on 71% Revenue Growth, and More • IH Market News • 08/09/2024 09:48:54 AM
- Paramount Global Reports Second Quarter Earnings Results • PR Newswire (US) • 08/08/2024 08:00:00 PM
- U.S. Index Futures Drop, Signaling Ongoing Market Volatility; Oil Prices Stall • IH Market News • 08/08/2024 09:55:44 AM
- Bones Coffee Company Collaborates with Paramount Consumer Products to Launch New SpongeBob SquarePants-Inspired Collection • GlobeNewswire Inc. • 08/07/2024 02:34:22 PM
- SEASON TWO OF DORA, PARAMOUNT+'s ORIGINAL ANIMATED PRESCHOOL SERIES, PREMIERES FRIDAY, SEPT. 13 • PR Newswire (US) • 08/05/2024 03:00:00 PM
- Paramount Global Declares Quarterly Cash Dividend • PR Newswire (US) • 08/01/2024 08:15:00 PM
- NICKELODEON AND SPIN MASTER CELEBRATE DOG DAYS OF SUMMER WITH MONTH OF RUBBLE & CREW™ PREMIERES BEGINNING MONDAY, AUG. 5, WITH PAW PATROL™ CROSSOVER EVENT • PR Newswire (US) • 08/01/2024 03:00:00 PM
- ASML Rises 7% on Export Waiver; Intel Plans Layoffs, HSBC $3B Buyback Announced, and More • IH Market News • 07/31/2024 09:55:50 AM
- PARAMOUNT GLOBAL AND NEXSTAR MEDIA RENEW AFFILIATION AGREEMENTS • PR Newswire (US) • 07/30/2024 01:30:00 PM
- Historic Crossover: Star Trek and Doctor Who Unite for Intergalactic Friendship Day • PR Newswire (Canada) • 07/28/2024 01:30:00 AM
- Alphabet Unveils AlphaProof and AlphaGeometry 2; OpenAI Tests SearchGPT; Apple Loses Market Share in China • IH Market News • 07/26/2024 10:07:41 AM
- SAN DIEGO 2024 • PR Newswire (US) • 07/25/2024 09:00:00 PM
- Alphabet Nears $23 Billion Wiz Acquisition, Trump Media Stock Soars 63% Pre-Market, and More • IH Market News • 07/15/2024 10:34:36 AM
- Paramount Global to Report Second Quarter Financial Results on August 8, 2024 • PR Newswire (US) • 07/12/2024 08:15:00 PM
- Ericsson Reports 14% Profit Increase, UBS Downgrades Tesla Shares, Ozempic Linked to Reduced Dementia Risk • IH Market News • 07/12/2024 10:28:11 AM
- Costco Hikes Membership Fees; ON Semiconductor Stock Drops 3%; WD-40 Soars 13% on Strong Q3 Earnings • IH Market News • 07/11/2024 10:17:26 AM
- SAN DIEGO 2024 • PR Newswire (US) • 07/10/2024 02:00:00 PM
- BP Slashes Profit Forecast by $700 Million; Morgan Stanley Predicts S&P 500 10% Drop, and More News • IH Market News • 07/09/2024 10:54:32 AM
- Paramount-Skydance $28B Merger, Boeing Agrees to Plead Guilty with $243.6M Fine, and More News • IH Market News • 07/08/2024 10:37:52 AM
- PARAMOUNT GLOBAL'S SPECIAL COMMITTEE UNANIMOUSLY APPROVES MERGER WITH SKYDANCE MEDIA • PR Newswire (US) • 07/08/2024 03:36:00 AM
- Skydance Media and Paramount Global Sign Definitive Agreement to Advance Paramount as a World-Class Media and Technology Enterprise • GlobeNewswire Inc. • 07/08/2024 03:31:14 AM
- Tesla Listed for China’s Government Vehicles; Macy’s Acquisition Offer Raised, and More News • IH Market News • 07/05/2024 12:13:34 PM
- Apple Joins OpenAI Board, Logitech President Opts Out of Reelection, and More News • IH Market News • 07/03/2024 10:59:39 AM
- Play.Works Introduces "SpongeBob Bounce" to CTV • PR Newswire (US) • 06/26/2024 12:45:00 PM
- Doordash and Deliveroo Terminate Talks; Universal Announces UK Theme Park Plan, and More News • IH Market News • 06/26/2024 11:08:35 AM
Maybacks Global Entertainment and ZEASN Technology Private Ltd. Sign Global Licensing Agreement • AHRO • Aug 8, 2024 7:00 AM
SANUWAVE Will Host a Conference Call on August 13, 2024 at 8:30 AM (ET) to Present Q2 Financial Results • SNWV • Aug 8, 2024 6:59 AM
Kona Gold Beverage Inc. Signs Letter of Intent with Bemax, Inc. to Sell Kona Gold, LLC • BMXC • Aug 7, 2024 10:00 AM
Btab Ecommerce Group, Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • BBTT • Aug 7, 2024 9:00 AM
Hydromer, Inc. Announces Preliminary Unaudited Second Quarter 2024 Financial Results and Provides Business Update • HYDI • Aug 7, 2024 8:52 AM
North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • NBRI • Aug 5, 2024 9:00 AM