Ellison’s Latest Paramount Offer Has a $15-a-Share Sweetener
- Offer for nonvoting shares is 26% above Friday’s closing price
- Board Chair Shari Redstone must approve terms of the deal
David Ellison
Photographer: Eamonn M. McCormack/Getty ImagesThis article is for subscribers only.
Film producer David Ellison’s offer for Paramount Global includes an option for nonvoting shareholders to cash out a portion of their stock for about $15 a share, according to a person familiar with the matter.
The offer, a roughly 26% premium to Friday’s closing price, is for only about 40% of the shares, according to the person, who asked not to be identified because the discussions aren’t public. The rest of the stock will roll over into the new company.