Paramount (PGRE) Confirms Receipt of Unsolicited, Non-Binding Proposal from Monarch Alternative

POTENTIAL DEAL DETAILS

Paramount Group, Inc. (PGRE) confirmed that it has received an unsolicited, non-binding proposal from Monarch Alternative Capital LP to acquire all of the Company’s outstanding common stock for $12.00 per share in cash.

Update(s):

March 21, 2022: Paramount Group, Inc. (PGRE) announced that its Board of Directors has unanimously rejected an unsolicited, non-binding proposal received from Monarch Alternative Capital LP to acquire all of the Company’s outstanding common stock for $12.00 per share in cash.

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