Sale

Legal Battle Heats Up: Delaware Judge to Scrutinize Paramount’s $8 Billion Sale Amid Investor Resistance

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WILMINGTON, Del. — A Delaware court is setting the stage to tackle a class action lawsuit aimed at halting the proposed $8 billion acquisition of Paramount Global by Skydance Media. The legal challenge raises concerns about the transaction’s fairness to Paramount’s public shareholders, spotlighting the influential role of the company’s controlling shareholder, Shari Redstone. The judicial scrutiny unfolds following Redstone’s decision to divest her Paramount stake to David Ellison’s Skydance Media in July, under a deal that is still pending regulatory approval. The strategic shift to Skydance, a burgeoning force in the streaming sector, has … Read more

San Juan Water District Faces Budget Overrun Amid Legal Battle Over Running Iron Ranch Sale

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San Juan, Colorado – In recent months, the financial burden of ongoing litigation has placed the San Juan Water Conservancy District (SJWCD) under fiscal pressure as they debate the potential sale of Running Iron Ranch. The property, co-owned with the Pagosa Area Water and Sanitation District (PAWSD), has become a contested asset as plans to construct a reservoir on the site clash with PAWSD’s intentions to sell. The controversy began in the fall of 2024 when PAWSD initiated efforts to sell the ranch, a move opposed by SJWCD based on an agreement made in 2015 … Read more

Urgent Court Request Filed for Swift Sale of Roger Williams and Fatima Hospitals

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Providence, RI – Prospect Medical Holdings, the parent company of Roger Williams Medical Center and Our Lady of Fatima Hospital, has filed a request with a federal bankruptcy judge seeking to fast-track the sale of these Rhode Island health facilities. This move comes as the hospitals grapple with financial difficulties that have escalated into a pressing need for new ownership to sustain their operations and healthcare services. In recent filings, the California-based health system outlined its urgent call for a swift transaction, emphasizing the critical financial state of the health institutions they manage in Rhode … Read more

Hospital Leaders Urge Speedy Sale of Rhode Island Medical Centers to Secure Healthcare Stability

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PROVIDENCE, R.I. — In a concerted effort to safeguard public health, a collaborative of senior hospital executives from Rhode Island are urgently advocating for the swift sale approval of two key hospitals to a foundation that would convert them back to nonprofit status. This push addresses critical needs within the state’s healthcare framework as the involved facilities currently face financial distress under their existing ownership. A letter addressed to Chief Judge Stacey G.C. Jernigan of the Northern District of Texas Bankruptcy Court, penned by the leaders of nine Rhode Island hospitals and health associations, calls … Read more