CBS Corp. Confirms NYSE Sunset Plan


On Tuesday, August 13,  the most anti-climatic announcement in years finally arrived from CBS Corporation — it is reunifying with Viacom.

“A definitive agreement to combine in an all-stock merger” was signed by the two companies, with a valuation of about $12 billion. With CBS shareholders poised to own more of the combined company, CBS has informed the Securities and Exchange Commission that it is readying a wind-down of its publicly traded shares — a move putting the merger closer to closing.

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