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Paramount Shares Sink After Hours Amid Questions About Legitimacy Of Supposed New Takeover Bid – Update
With three weeks left in the "go-shop" period of Paramount Global's proposed merger with Skydance, Apex Capital Trust stepped in with an all-cash bid.
With three weeks remaining in the “go-shop” period of Paramount Global ‘s proposed merger with Skydance, it has emerged that a new suitor has joined the fray. “We are confident in the expertise of the investment firm and their willingness to move expeditiously and efficiently to evaluate this offer and submit it to the Special Committee of the Board of Paramount as a proposal that is substantially superior to the Skydance deal,” said Tatiana Logan, General Counsel for Apex Trust. In a related investment, Apex Trust has acquired 40% ownership of Simmtronics, a multinational technology company manufacturing phones and other electronic devices, ranked #3 worldwide in tablet PCs, after Apple and Samsung.
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