Investigation into Paramount Global Merger Transaction: Are Minority Shareholders Being Treated Fairly?
Bleichmar Fonti & Auld LLP Investigates Paramount Global Merger Transaction
NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) — Top law firm Bleichmar Fonti & Auld LLP is currently investigating whether the merger transaction involving Paramount Global (Nasdaq:PARA) is fair to minority shareholders. The firm is looking into whether the offer of up to $15 per share in exchange for Paramount Class B Shares adequately represents the value of the shares.
Paramount Global recently announced a merger transaction with a consortium led by Skydance Media, RedBird Capital, and the Ellison Family. This merger would not require a vote from minority shareholders, as National Amusements holds nearly 80% of the voting stock in Paramount.
As part of the merger, Class A shareholders have the option to receive $23 per share in cash, while Class B shareholders are offered $15 per share in cash, which may be prorated based on shareholder elections. Bleichmar Fonti & Auld LLP is concerned that this discrepancy in treatment between Class A and Class B shareholders may be unfair and potentially in violation of Delaware law.
Shareholders of Paramount are encouraged to submit their information to learn more about their rights in this situation. The law firm is offering representation on a contingency fee basis, meaning there is no cost to shareholders. Any potential fees and expenses will be subject to court approval.
For more information and to submit your information, visit the following link: https://www.bfalaw.com/cases-investigations/paramount-global.
Bleichmar Fonti & Auld LLP is a respected international law firm specializing in securities class actions and shareholder litigation. The firm has a track record of successful recoveries for shareholders in similar cases, including against companies like Tesla, Inc. and Teva Pharmaceutical Ind. Ltd.
To learn more about Bleichmar Fonti & Auld LLP and its attorneys, visit https://www.bfalaw.com.
Contact:
Ross Shikowitz
ross@bfalaw.com
212-789-2303
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