m_and_a
confidence high
sentiment positive
materiality 1.00
Rithm Capital to acquire Paramount Group for $1.6B in cash, $6.60/share
Paramount Group, Inc.
- Total cash consideration ~$1.6B; shareholders receive $6.60 per fully diluted share.
- Portfolio: 13 owned & 4 managed office properties totaling 13.1M sq ft, 85.4% leased as of June 30, 2025.
- Closing expected by March 17, 2026; subject to stockholder approval and regulatory conditions; no financing condition.
- Retention bonuses for named execs: CEO Behler $1.134M, CFO Berberi $475k, EVP Brindley $577.5k.
- Termination fee of $59.7M payable by Paramount in certain circumstances.
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