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FINWIRES

Paramount Skydance Extends Deadlines for Warner Bros. Discovery Tender and Exchange Offers

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Paramount Skydance (PSKY) extended the expiration dates for its tender offers and exchange offers involving notes issued by Warner Bros. Discovery's (WBD) Discovery Global Holdings and Discovery Communications units.

The offers expire at 5 p.m. New York time on Sept. 18, unless further extended, Paramount said Tuesday in a statement.

Settlement will occur after the expiration date and is currently expected in Q3. As of 5 p.m. Friday, 66% of the tender-offer notes and 75% of the exchange-offer notes had been validly tendered, Paramount said.

Price: $10.94, Change: $+0.08, Percent Change: +0.74%

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