Revised Skydance offer gives Paramount shareholders opportunity to cash out at $15 a share, WSJ reports-March 2024-www.financetom.com

Revised Skydance offer gives Paramount shareholders opportunity to cash out at $15 a share, WSJ reports

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Revised Skydance offer gives Paramount shareholders opportunity to cash out at $15 a share, WSJ reports

Jun 2, 2024 12:15 PM

June 2 (Reuters) - Skydance Media's revised offer to buy

Shari Redstone's family company National Amusements and merge

with Paramount Global ( PARAA ) gives the company's nonvoting

shareholders an option to cash out at a premium, the Wall Street

Journal reported on Sunday.

Last week, Skydance made a sweetened offer to buy up to a

certain number of nonvoting Paramount shares at $15 each, which

represents a 26% premium from where the stock closed Friday, the

report added.

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