Core Viewpoint - The Ademi Firm is investigating Paramount for potential breaches of fiduciary duty and other legal violations related to its transaction with Rithm Capital [1] Group 1 - Paramount shareholders will receive $6.60 per fully diluted share in an all-cash transaction [1] - The transaction is valued at approximately $[1]

Transaction Overview - Rithm Capital is set to acquire Paramount Group, Inc, a Class A office REIT, for approximately $1.6 billion in cash[7] - The transaction is valued at $6.60 per fully diluted share of Paramount common stock[7] - The acquisition is targeted for late Q4 2025, pending customary closing conditions and Paramount shareholder approval[7] Paramount Group Overview - Paramount's portfolio includes 13 owned and 4 managed high-quality office assets, totaling over 13.1 million square feet, with 85.4% currently leased as of June 30, 2025[7] - Paramount's properties are predominantly located in New York City and San Francisco[7, 20] - The average lease term for office leases is 7.1 years[16] Strategic Rationale - Rithm believes it is entering a dislocated sector at attractive valuations, positioned for significant upside and the opportunity to create enterprise value[9] - Real estate is valued approximately 40% below pre-COVID values and around 25-30% of replacement cost[9] - Rithm aims to expand its asset management model, generating fee-related earnings[9] Financial Position - At the expected closing time, Rithm is projected to have $2.5 – 3.0 billion of available cash and liquidity[7] - Rithm has approximately $100 billion in investable assets[11, 31]

Rithm Capital agreed to buy Paramount Group, an office landlord in New York and San Francisco, for about $1.6 billion https://t.co/yfTQ6eGZyu ...

Group 1 - Alternative asset manager Rithm Capital announced a definitive agreement to acquire the REIT Paramount Group for approximately $1.6 billion [2] - Following the announcement, Rithm Capital shares increased by 0.66% to $12.15 in pre-market trading, while Paramount Group shares fell by 11.50% to $6.54 [2]

Core Viewpoint - Rithm Capital has agreed to acquire Paramount Group for $1.6 billion in cash, indicating a strategic move in the real estate investment trust sector [1] Company Summary - Rithm Capital is a global asset management company that is expanding its portfolio through this acquisition [1] - Paramount Group is a real estate investment trust that is being acquired for a significant cash amount, reflecting its value in the market [1] Industry Summary - The acquisition highlights ongoing consolidation trends within the real estate investment trust industry, as companies seek to enhance their market positions through strategic purchases [1]

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. ("Rithm†or "Rithm Capital†), a global alternative asset manager, announced today that it has entered into a definitive agreement to acquire Paramount Group, Inc. (NYSE: PGRE) ("Paramount†or the "Company†), a vertically-integrated real estate investment trust that owns, operates, manages, and redevelops Class A office properties in New York City and San Francisco, for total cash consideration to Paramount shareholders of approximately $1.6 billion. ...

Group 1: Market Movements - Shares of oil producers gained ground due to an uptick in commodity prices, with APA Corp. surging 7% and Occidental Petroleum up 5% [3][8] - The S&P 500 slipped 0.1%, while the Nasdaq and Dow were down 0.1% and 0.3% respectively, retreating from record levels ahead of the Federal Reserve's interest rate decision [2] Group 2: Company-Specific Developments - Warner Bros. Discovery shares fell 6.2%, losing the most among S&P 500 stocks, as concerns grew over a potential merger with Paramount Skydance [7][9] - Paramount Skydance shares dropped 5.7% following criticism from Senator Elizabeth Warren regarding the potential takeover and a downgrade from TD Cowen analysts [8][9] - Steel Dynamics issued a stronger-than-expected outlook for Q3, leading to a 6.1% jump in its shares, driven by strong demand across various sectors [4] - Hershey shares increased by 4.3% after Goldman Sachs upgraded the stock to "buy," citing strong pricing and improving market share trends [5] - Moderna shares gained 4% after positive preliminary data on its updated COVID-19 vaccine, showing a strong immune response in high-risk individuals [6]

Paramount Group (NYSE:PGRE) rose 2% after a report that Rithm Capital is near an agreement to buy the Manhattan and San Francisco office landlord. Paramount (NYSE:PGRE) was involved in a sales process that included Blackstone (BX), SL ...

Market Analysis by covering: Novo Nordisk A/S. Read 's Market Analysis on Investing.com ...

Hours after his company's merger with Paramount closed in August, CEO David Ellison's empire-building kicked into gear. ...