
Paramount Group Reaffirms Merger with Rithm Capital

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Paramount Group reaffirmed its merger with Rithm Capital, rejecting Sponsor A's proposal due to lack of financing and clarity. The merger will see Paramount's Operating Partnership controlled by Rithm. Analysts rate PGRE stock as Hold with a $7.00 target, influenced by the acquisition announcement despite weak financials. Paramount focuses on high-quality office properties in NYC, DC, and SF.
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