Warner Bros. Discovery Faces $31 Merger Bar as Regulators Step In
Warner Bros. Discovery traded just under $27 on Nasdaq Thursday, still sitting below the $31-a-share cash offer from Paramount Skydance. Investors watched for a regulatory decision on the deal. Shares were last at $26.97, off 0.1%, after swinging between $26.93 and $27.29 during the session. Deal spread in focus as WBD trades 13% below bid Warner Bros. Discovery shares are now about 13% under the Paramount offer price. In deal trading, that spread—the gap between a target's share price and the takeover offer—is often a sign of the risk investors see, including timing, approvals or a possible failed deal. WBD said in March that the Paramount agreement would pay shareholders $31 per share in cash, with an extra 25-cent “ticking
