EXLCUSIVE: Matrix Asset Advisors' David Katz Says 'PARA to open sale to interested suitors. There is no value in being exclusive with Skydance. Current quarter should make Paramount more attractive to Sony/Apollo'
Portfolio Pulse from Benzinga Newsdesk
Matrix Asset Advisors' David Katz suggests Paramount (PARA) should open its sale process to multiple suitors instead of being exclusive with Skydance. He believes the current quarter's performance could make Paramount more attractive to potential buyers like Sony and Apollo.
April 29, 2024 | 9:07 pm
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POSITIVE IMPACT
David Katz's comments could increase investor interest in Paramount, potentially leading to a positive short-term impact on its stock price as the market reacts to the possibility of a competitive sale process.
The suggestion to open the sale process to more suitors, including major names like Sony and Apollo, could lead to speculation of a bidding war or a higher sale price, positively impacting Paramount's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90