Paramount Group falls after Rithm Capital agrees to buy co for $1.6 bln
ReutersSep 17, 2025 12:08 PM
Real estate investment trust Paramount Group's PGRE.N shares fall nearly 11% to about $6.5 in premarket trading
Asset management company Rithm Capital agrees to buy PGRE for $1.6 billion in cash
Rithm will acquire all of Paramount's outstanding shares of common stock for $6.60 per fully diluted share
PGRE shares closed at $7.39 on Tuesday
As of last close, PGRE shares up nearly 50% YTD
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