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Sources: Paramount and Skydance deal sticking points include legal expenses in case of shareholder lawsuits, potential "go-shop" period, and a shareholder vote (New York Times) https://t.co/3h4E6zhkCo https://t.co/psI0fPgps3
scoop: Skydance has now agreed to put in at least $1.5 billion to pay down debt in event of a deal, plus a $15 a share tender offer. But there's still a big issue outstanding: Who would pay for a shareholder lawsuit? w/@LaurenSHirsch $PARA https://t.co/tLi5eZHWxB
$PARA Ellison’s Latest Paramount Offer Has a $15-a-Share Sweetener, 26% Above Friday Price
Skydance has increased its offer to acquire Paramount, with a new bid of $15 per share, significantly higher than their previous offer. Madison Dearborn has sweetened its takeover bid for APM to $1.3 billion. The deal between Paramount and Skydance faces challenges regarding legal expenses for potential shareholder lawsuits, a 'go-shop' period, and a shareholder vote.