CBS Corp. (CBS) Receives National Amusements Letter; Will Take Appropriate Action

September 29, 2016 12:42 PM EDT

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

CBS Corporation (NYSE: CBS) announced that its board of directors has received a letter from National Amusements requesting that the company consider a potential combination of CBS and Viacom. National Amusements, directly and through subsidiaries, owns approximately 80% of the voting shares of both CBS and Viacom.

CBS is in receipt of the letter, and the Company will take appropriate action to evaluate what is in the best interest of CBS Corporation and its shareholders.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News

Add Your Comment