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

September 29, 2016 12:42 PM EDT

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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.

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