Rithm Capital to acquire Paramount Group for ~$1.6B (RITM:NYSE)

Alternative asset manager Rithm Capital (NYSE:RITM) announced on Wednesday a definitive agreement to acquire the REIT Paramount Group (NYSE:PGRE) for ~ $1.6B. RITM shares were +0.66% pre-market to$ 12.15, while PGRE was down 11.50% to $6.54. Yesterday, Paramount Group was gaining after ...