Reported 2 days ago
Money manager Mario Gabelli is pushing for Paramount Global to disclose documents regarding its merger with Skydance Media to assess the fairness of controlling stockholder Shari Redstone's gains. With Gabelli's funds owning 12% of Paramount's voting shares, he claims that Redstone's acquisition may disadvantage minority shareholders. The legal battle focuses on the implications of the merger's valuation and whether any improper advantages exist for Redstone, with the deal also requiring federal regulatory approval.
Source: YAHOO