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GAMCO Pushes Paramount (PARA)Board to Consider Better Offer from Project Rise Partners

Key Summary: On October 25, 2024, GAMCO (11.82%) issued a press release urging Paramount’s board to review Project Rise Partners' higher offer

Market Cap: $7.4 billion | Paramount Global operates as a media, streaming, and entertainment company worldwide. 

On October 25, 2024, GAMCO (11.82%) issued a press release urging Paramount’s board to review Project Rise Partners' higher offer, despite the “Go Shop” period ending on August 21, 2024, and demanded an explanation if the offer is not considered.

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