Sumner Redstone's National Amusements calls on CBS, Viacom to merge

Sumner Redstone's National Amusements calls on CBS, Viacom to merge
 

Sumner Redstone's National Amusements Inc on Thursday urged the boards of Viacom Inc (VIAB.O) and CBS Corp (CBS.N) to explore a combination.
National Amusements owns 80 percent of the voting shares of both media companies, which separated from each other 10 years ago.
The optimal deal structure would be an all-stock transaction in which the stockholders of each company would receive shares in the combined company of the same class as they currently hold, National Amusements said in a letter to the companies' boards.
Reuters reported on Wednesday that National Amusements, owned by media... read more

 
29 September 2016 in Business, Views: 32
Source: Reuters
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