Paramount Board of Directors Unanimously Rejects Unsolicited Proposal from Monarch

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Mar 21, 2022

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that its Board of Directors has unanimously rejected an unsolicited, non-binding proposal received from Monarch Alternative Capital LP (“Monarch”) to acquire all of the Company’s outstanding common stock for $12.00 per share in cash.