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.