Benzinga | Nov 16, 2020 04:20PM EST

Paramount Board Of Directors Rejects Unsolicited Proposal From Bow Street

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") today announced that its Board of Directors has unanimously rejected an unsolicited proposal received from Bow Street LLC ("Bow Street") on November 4, 2020 to acquire all of the Company's outstanding shares for between $9.50 and $10.00 per share in cash.