) announcement Monday that CEO Bob Bakish is stepping down as the company’s Board, steered by Chair Shari Redstone, continues to pursue a merger with Skydance, is attracting negative criticism from shareholders and market participants who overwhelmingly view the decision as a move against the interest of the company.earlier today, “I’m incredibly grateful for the memories, mentors and friends I’ve made in my 27 years here.
He added that the earnings call which provided no opportunity for analysts to pose questions to the Board further proves that the deal with Skydance makes no sense and that a full and open sale process would result in a better price for shareholders, especially given that the turnaround is seeing results.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCLA - 🏆 319. / 59 Read more »
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Source: latimes - 🏆 11. / 82 Read more »