CBS Corp. Confirms NYSE Sunset Plan

0

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.

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Leave a Reply

Your email address will not be published. Required fields are marked *