Apex Capital Trust makes offer to acquire Paramount Global for potential $43 billion deal

Apex Capital Trust Makes Competing Offer to Acquire Paramount Global

In a recent development, Apex Capital Trust has submitted a compelling offer to acquire Paramount Global in an all-cash deal worth up to $43 billion. This move comes shortly after Paramount announced a merger agreement with David Ellison’s Skydance Media.

At Extreme Investor Network, we understand the significance of such acquisitions in the finance sector. Paramount has entered into a 45-day “go-shop” period, allowing the company to explore other potential deals following the agreement with Skydance Media.

Apex, a reputable holding company and investor in the finance sector, has put forth an offer to purchase all stock in National Amusements, the company holding a controlling interest in Paramount. The offer includes $35 per share for Class A voting shares, representing a significant 33% premium over the stock’s 52-week high. Additionally, Apex is offering $23.28 per share for non-voting Class B shares of Paramount, also at a 33% premium.

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Furthermore, Apex has expressed its commitment to assume Paramount’s debt of $15.8 billion and pay a $400 million break-up fee to Skydance. The investment firm also plans to inject $10 billion in working capital into Paramount to support its business operations.

Tatiana Logan, General Counsel at Apex Trust, emphasized the importance of Paramount’s assets, stating, “Paramount and its assets are a national treasure, and we intend to treat them accordingly.”

This latest development showcases the dynamic nature of the finance industry and the competitive spirit among market players. Stay tuned to Extreme Investor Network for more updates and analysis on key financial transactions and market trends.