The bid gives non-Redstone and nonvoting Paramount shareholders an option to sell shares at a premium.
The Wall Street Journal previously reported that the Justice Department’s investigation into the bank was focused on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.
Companies reject claims that consumers are being bilked on prices. Still, says one executive, “We understand why there is this sticker shock.”
Bronfman is looking to scuttle a previous agreement to merge Paramount with David Ellison’s Skydance Media.
The software company founder who was recently cleared of fraud accusations is missing after a storm capsized the yacht he was on.
Seven & i received the acquisition offer from Alimentation Couche-Tard following pressure on activist shareholders to improve the Japanese company’s profitability.
