Core Viewpoint - Paramount Global is facing scrutiny regarding the fairness of its merger transaction, particularly concerning the treatment of Class B shareholders who are offered significantly less than Class A shareholders [2][4][3]. Group 1: Merger Transaction Details - Paramount Global announced a merger transaction with a consortium led by Skydance Media, RedBird Capital, and the Ellison Family on July 7, 2024 [4]. - Class A shareholders are entitled to elect to receive $23 per share in cash, while Class B shareholders can elect to receive $15 per share, which may be prorated depending on shareholder elections [2]. - National Amusements controls nearly 80% of Paramount's voting stock and is not subjecting the merger to a vote by minority shareholders, raising concerns about the lack of input from these shareholders [4]. Group 2: Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether the merger transaction is fair to minority shareholders, particularly those holding Class B shares [3]. - The firm believes that the disparate treatment of Class B shareholders may violate Delaware law and that the board of directors may have breached their fiduciary duties [2]. - Shareholders are encouraged to submit their information to understand their rights and potential legal options [9][8].

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP is investigating whether the Paramount Global (Nasdaq:PARA) merger transaction is fair to minority shareholders, who are being offered up to $15 per share in exchange for their Paramount Class B Shares. Why is Paramount being investigated by BFA Law? Shareholders are encouraged to submit their information to find out about their rights. If you currently own shares of Paramount Global you may have legal options and are encour ...

If you are a shareholder of Paramount, you are encouraged to submit your information at: https://www.bfalaw.com/cases-investigations/paramount-global. Why Bleichmar Fonti & Auld LLP? Next Steps: Why is Paramount being investigated by BFA Law? As part of the merger transaction, Class A shareholders are entitled to elect to receive $23 per share in cash. Class B shareholders, however, are entitled to elect to receive a payout in cash of $15 per share, which will be prorated if enough shareholders elect to rec ...

Why is Paramount being investigated by BFA Law? Shareholders are encouraged to submit their information to find out about their rights. Submit your information here: https://www.bfalaw.com/cases-investigations/paramount-global. NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP is investigating whether the Paramount Global (Nasdaq:PARA) merger transaction is fair to minority shareholders, who are being offered up to $15 per share in exchange for their Paramount Class B Share ...

Submit your information here: https://www.bfalaw.com/cases-investigations/paramount-global. https://www.bfalaw.com/cases-investigations/paramount-global Shareholders are encouraged to submit their information to find out about their rights. Next Steps: If you currently own shares of Paramount Global you may have legal options and are encouraged to contact the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of l ...

If you are a shareholder of Paramount, you are encouraged to submit your information at: https://www.bfalaw.com/cases-investigations/paramount-global. On July 7, 2024, Paramount Global announced that it had entered into a merger transaction with a consortium led by Skydance Media, RedBird Capital, and the Ellison Family (the "Skydance Consortium"). Minority shareholders will have no say over the merger transaction, as National Amusements, which controls nearly 80% of Paramount voting stock, is apparently un ...

NEW YORK, July 13, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP is investigating whether the Paramount Global (Nasdaq:PARA) merger transaction is fair to minority shareholders, who are being offered up to $15 per share in exchange for their Paramount Class B Shares. Why is Paramount being investigated by BFA Law? As part of the merger transaction, Class A shareholders are entitled to elect to receive $23 per share in cash. Class B shareholders, however, are entitled to elect to receive a ...

Billionaire investor Mario Gabelli's investment firm is seeking more details about the valuation of National Amusements assets, the investor told Reuters on Friday, signaling the firm may challenge a landmark entertainment industry deal inked this week. Skydance Media and Paramount Global agreed on Sunday to merge, in a deal that would entail Skydance acquiring the Redstone family's holding company, National Amusements, which owns a controlling stake in Paramount. Gabelli Funds, which owns nearly 4.9 millio ...

A live audio webcast will be available on Paramount's Investors homepage at ir.paramount.com beginning at 4:30 p.m. (ET) on August 8. An audio replay of the call will be available beginning at 7:30 p.m. (ET) on August 8 in the Events, Webcasts & Annual Meetings section of Paramount's Investors homepage, and at 866-813-9403 using access code 190402. To automatically receive Paramount's latest financial news by email, please visit the Investors homepage and subscribe to email alerts. About Paramount For more ...

Following its hugely successful launch in the UK last summer, the NickWatch makes its American debut during the Nickelodeon Kids' Choice Awards this Saturday, July 13 Safety and fun come together with this innovative device, which includes an array of games and experiences from hit franchises like SpongeBob SquarePants and Teenage Mutant Ninja Turtles, along with renowned safety features for caregivers, such as live GPS tracking. LOS ANGELES, July 12, 2024 /PRNewswire/ - NickWatch, the smartwatch with renow ...