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

Core Insights - Rithm Capital Corp. announced plans to acquire Paramount Group, Inc. for $1.6 billion, offering $6.6 per share, which represents a 38% premium from its price during the strategic review in May [1] Company Summary - Rithm Capital Corp. is pursuing an acquisition of Paramount Group, Inc., a real estate investment trust (REIT) [1] - The acquisition deal is valued at $1.6 billion, indicating a significant investment in the REIT sector [1] - The offer price of $6.6 per share reflects a substantial premium, suggesting confidence in the future performance of Paramount Group [1]