Mario Gabelli sues Shari Redstone for allegedly…
Billionaire investor Mario Gabelli’s investment fund filed a class-action lawsuit on behalf of Paramount Global shareholders alleging the company’s controlling shareholder, Shari Redstone, benefited unfairly at their expense in the $8.4-billion merger with Skydance Media, according to a assertion from Gabelli’s firm.
Gabelli Value 25 Fund and associates alleged that Redstone’s investment vehicle, National Amusements (NAI), obtained $60 for each of its Class A Paramount shares while public shareholders only obtained $23, according to a assertion from Gabelli’s…
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