| WEEKLY UPDATE Dear Leah,
In a weekly update from earlier this month, Thomas Yeung covered the almost made-for-tv drama surrounding Paramount Global (PARA). In short, Shari Redstone, the controlling shareholder of Paramount, had refused a buyout offer from a private equity firm that would have given external shareholders roughly $17 per share. Activist shareholders got upset, and she doubled down by pursuing a deal with Skydance that would benefit her over outsiders. The boardroom drama is now reaching a crescendo. On Sunday, Skydance reportedly offered its “best and final” offer to the Redstone family. The following day, Paramount CEO Bob Bakish was shown the door. So, in today’s Fry Investment Report weekly update, Tom will answer some questions you’ll certainly have about the media and entertainment conglomerate… Plus, he’ll provide an update on Karora Resources Inc. (KRRGF) and more of our Fry’s Investment Report holdings. Click here or on the button below to read the update.
Weekly Update Regards, |
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| Eric Fry
Editor, Fry's Investment Report |
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