The Ademi Firm is investigating Paramount (NYSE: PGRE) for possible breaches of fiduciary duty and other violations of law in its transaction with a Rithm Capital.
Shareholders of Paramount will receive $6.60 per fully diluted share in an all-cash transaction valued at approximately $1.6 billion. Paramount insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Paramount by imposing a significant penalty if Paramount accepts a competing bid. We are investigating the conduct of the Paramount board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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