Redstone investment banker made unusual decisions as he explore sale,NYPost say

Shari Redstone’s investment banker has made some unusual decisions as he explores a possible sale of her Paramount media empire, Josh Kosman of New York Post reports. Last May, National Amusements, a holding company that controls 10% of the stock and 80% of the voting shares of Paramount, got a $125M investment from BDT and MSD Capital Partners. BDT CEO Byron Trott is also advising Redstone on Paramount’s options, sources tell the Post. The BDT preferred shares mature in 2028 or sooner, and now the major question is what Trott’s interests are. One major issue is that Warren Buffett, a longtime client of Trott, although it’s unclear if he is still a client, is Paramount’s biggest shareholder. Buffett began amassing his 15% stake in Paramount shortly after Redstone hired Trott as her banker, a well-placed source told the Post.