According to a trio of analysts at Credit Suisse, it’s great to be a CBS Inc. shareholder.
That’s because a recombination of CBS with Viacom “could be highly attractive” for them over time, they believe.
At current market prices and an assumed 1-for-1 share swap for “a combined “Viacom-CBS” with the same dual-class share structure, CBS shareholders would be sitting pretty with a 50% economic interest in the combined voting shares, a 63% economic interest in the combined non-voting shares, and a 61% of the total share capital.
