Answer: GAM CO will receive $21.00 in cash for each Paramount Class A voting share it holds under the Skydance‑Paramount transaction.
Why this amount matters
- Stake size – The filing shows that GAM CO (and its affiliates) owned roughly 12 percent of the outstanding Class A voting shares of Paramount Global.
- Deal structure – The pending merger with Skydance Media requires all current holders of the Class A voting stock to be bought out for cash; there is no “roll‑over” or exchange‑for‑stock option.
- Resulting proceeds – At a cash‑out price of $21 per share, the 12 % stake translates into a sizable cash payment for GAM CO, though the exact dollar amount of the total proceeds depends on the exact number of shares it holds.
Thus, the cash per‑share amount that GAM CO will receive for its 12 % stake in Paramount Global is $21.00 per share.
Other Questions About This News
When is the proposed completion date for the Paramount‑Skydance merger, and how does that timeline align with the cash‑out of voting shares?
How will GAM CO’s cash receipt impact its own financials and the portfolios of its clients?
What tax implications might arise for GAM CO and its clients from receiving cash for the voting shares?
How does the forced cash payment compare to the consideration offered to other shareholders in the merger?
Will the sale of GAM CO’s voting shares create a significant increase in share supply that could pressure the stock?
How might the news affect investor sentiment and the overall negative sentiment rating of -40?
How does the treatment of GAM CO’s holdings compare to similar transaction structures in the media sector?
Is there any possibility for GAM CO or other investors to receive alternative consideration, such as shares in the combined entity, instead of cash?
What impact could the cash‑out of GAM CO’s holdings have on rival media companies or comparable merger deals?
Will the removal of GAM CO’s voting shares change the post‑merger control structure or voting power of remaining shareholders?
What are the potential long‑term implications for Paramount’s governance and strategic direction after the Skydance combination?
How will the forced cash payment for GAM CO’s voting shares affect Paramount’s share price in the short term?
What are the specific terms and conditions of the cash‑out for the class A voting shares?
Are there any other large shareholders subject to the same cash‑out provision that could further affect market dynamics?