Gabelli urges court to demand Paramount”s merger records with Skydance, Bloomberg reports
Gabelli, whose funds hold approximately 12% of Paramount”s voting shares, has claimed that the company has declined to provide records that would reveal if the profits Redstone is making from the sale of her National Amusements Inc. (NAI), are unfairly disadvantaging Paramount”s minority shareholders, based on Delaware corporate law, it added.
Mario Gabelli Seeks Court Documents on Paramount-Skydance Merger Deal
Mario Gabelli, a well-known money manager, is taking a significant step in the ongoing scrutiny of Paramount Global’s dealings by petitioning a judge for the disclosure of documents tied to its merger with Skydance Media.
Mario Gabelli Asks Delaware Court to Order Paramount to Turn Over Skydance Deal Docs
Paramount Global shareholder Mario Gabelli has filed a formal complaint in the Delaware Court of Chancery to compel the media giant to comply with his books and records request related to its pending $8 billion merger with Skydance Media.
Watch these stocks that could capitalize on a private market boom
John Belton, a portfolio manager at Gabelli Funds, likes KKR, a holding in the Gabelli Growth Fund (GABGX), which has 1.8% of its assets in the stock as of November, according to Morningstar.
Q&A: We are fully invested and bullish on the M&A environment in 2025 due to favorable tailwinds
Throughout the first three quarters of 2024, Global M&A activity totaled $2.3 trillion. The technology sector led in activity with a total volume of $375 billion, accounting for 16% of overall value, followed by Energy & Power at 16%/$374 billion and Financials at 12%/$308 billion. Drivers of M&A have recently been mixed, according to Gabelli […]
How Google proved it ‘still has its mojo’ in 2024
OpenAI might still have a first-mover advantage in generative AI, said Hanna Howard, a portfolio manager at Gabelli Funds. But maintaining that edge over a longer period is challenging as large-scale, well-capitalized players like Google spend meaningfully to develop their own AI capabilities.
Shale Is Plateauing. Oil Only Has One Place Left to Grow.
“Offshore is the only place that’s left to grow. The other thing about offshore, too, is that over the last five years, the average breakeven has come down from $75 [per barrel] to $50 or even $45,” said Simon Wong, portfolio manager at Gabelli Funds.
Gold holding $2,600 ahead of shortened holiday trading week
“The government facing another shutdown demonstrates how much geopolitical uncertainty there is,” said Chris Mancini, Associate Portfolio Manager of The Gabelli Gold Fund (GOLDX). “This will continue to support gold as a safe-haven asset.”
Don’t Make This Dividend Investing Mistake In 2025
“The negative stigma of ROC is often unwarranted,” noted David Schachter in a December email interview. Schachter is the VP of several Gabelli CEFs and ombudsman for the Gabelli Utility Trust (GUT) and GAMCO Natural Resources, Gold & Income Trust (GNT).
Stocks Get Hit by Selloff in Technology Giants: Markets Wrap
“Valuation alone not a reason to be bearish, but impacts risk/reward in the near-term,” said John Belton at Gabelli Funds. “Bottom line: a bit more cautious on stocks into next year versus where we’ve been positioned. Credible reasons for excitement, balanced by elevated valuations and a host of unknowns.”
Stocks Rocked by Late-Week Swoon in Tech Giants: Markets Wrap
John Belton at Gabelli Funds says valuation alone is not a reason to be bearish on the US equity market, but impacts risk/reward in the near-term.
Shrinking US bar tabs signal little festive cheer for liquor makers
Joseph Gabelli, a portfolio manager at spirits investor Gabelli Funds, said the U.S. trading raises questions over whether spirits makers” bid to shift drinkers to pricier brands could deliver sales at the same rate as it had in the past.