(Bloomberg) -- Gabelli Asset Management Co. said its request for documents concerning Paramount Global’s pending merger with Skydance Media is moving at a “glacial speed.”
The money manager wants to know what price Skydance is paying for the assets of National Amusements Inc., the Redstone family holding company that controls Paramount. Gabelli made a books-and-records request in Delaware court to obtain the information.
“It remains unknown what NAI is receiving on a per-share basis for their control ownership of Paramount,” Portfolio Manager Christopher Marangi said in a statement Friday.
Gabelli also urged Paramount’s board to consider an offer from Project Rise Partners, even though a period for assessing other bids has expired.
Paramount, the parent of CBS, MTV and other media assets, agreed to merge with independent film and TV producer Skydance in July.
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