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BRK.B May 2024 420.000 call
| Previous close | 0.3000 |
| Open | 0.3000 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 420.00 |
| Expiry date | 2024-05-10 |
| Day's range | 0.2300 - 0.3100 |
| Contract range | N/A |
| Volume | |
| Open interest | 333 |
- Yahoo Finance Video
Paramount shareholder raises dilution concerns in Skydance bid
Paramount Global (PARA) is caught in the middle of a bidding war between Skydance Media and a joint offer from Sony (SONY) and Apollo Global Management (APO). Paramount CEO Bob Bakish has stepped down from his role, replaced by an "Office of the CEO" consortium comprised of three chief executives from across Paramount's top broadcast networks. Ariel Investments Co-CEO John Rogers, who is also a Paramount shareholder, finds Bakish's ousting to be a "pretty extraordinary" event during major M&A talks. Rogers sits down with Catalysts to share his thoughts on these headlines and what is ultimately being offered by prospective bidders. "We really do believe that Apollo, from what we've read, again, has a much stronger deal... Apollo has plenty of cash, a potentially great partner with Sony. it just makes much more sense to have those kind of experienced hands take over this company, pay out all of us A&B shareholders, get cash for our shares — it makes all the sense," Rogers says. "Skydance is an up-and-coming company, it's smaller. It's something we don't know whether it can work, but the price they're willing to pay and the valuations that we've seen, it's just a significant discount from the value we would get from Apollo." Rogers also weighs in on what to expect from Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett at the company's annual shareholders meeting on Saturday, May 4. Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Insider MonkeyHere’s Why Berkshire Hathaway (BRK-B) Outperformed in Q1
The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During 1Q, U.S. stocks made significant gains due to steady economic growth, decreasing inflation, and a slightly weaker labor market, increasing the likelihood of a soft landing. […]
ReutersAnalysis-Warren Buffett's PacifiCorp utility singed by wildfires
Two years ago, Warren Buffett branded Berkshire Hathaway's energy business one of his conglomerate's four "giants." Berkshire Hathaway Energy's PacifiCorp unit faces billions of dollars in potential liabilities from wildfires that have scorched hundreds of thousands of acres in southern Oregon and northern California. "I did not anticipate or even consider the adverse developments in regulatory returns," Buffett wrote in his annual shareholder letter in February.
