Shareholders of a New York-based office REIT rejected a multimillion-dollar golden parachute for its embattled CEO while also greenlighting a $1.6B merger with a mortgage lender.
Paramount Group shareholders voted to go forward with the company’s sale to New York-based Rithm Capital for $1.6B, or $6.60 per share, according to documents filed Tuesday with the Securities and Exchange Commission.