Rithm Capital's Paramount Acquisition May Backfire In The Long Run (NYSE:PGRE)

Last Wednesday, Rithm Capital Corp. reported plans to acquire the REIT Paramount Group, Inc. (NYSE: PGRE ). The $1.6B deal will acquire all PGRE shares at $6.6, which was a 38% premium from its price at strategic review (MayHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an academic background in financial ...