Paramount Shareholder Asks for Court Order to Obtain Documents Tied to Skydance Merger Talks
02/05/2024 19:36
A Paramount Global shareholder is looking to investigate the media conglomerate's books surrounding its exclusive merger talks with David Ellison's Skydance Media. In a new filing with Delaware's Court of Chancery, the Employees' Retirement System of Rhode Island expressed concern that Paramount's board has "failed to prevent Shari Redstone from diverting corporate opportunities or interfering with Paramount's ability to seek the best deal for Paramount and its other stockholders." The pension fund has requested that a judge order Paramount's board and management to turn over . . .
