1. Ademi Firm investigates PGRE for potential fiduciary duty breaches. 2. Transaction with Rithm Capital offers $6.60 per share for shareholders. 3. Agreement limits competing bids, raising legal concerns regarding board conduct. 4. Insiders benefit significantly from change of control arrangements.
The investigation into PGRE may undermine shareholder confidence, resembling past cases where violations affected stock prices.
The investigation directly targets PGRE's board actions, which can substantially influence investor sentiment and stock price.
Potential legal issues will likely affect PGRE's stock value in the near term, similar to past investigations.
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.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
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.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001