Viacom (VIA) Taps Advisors, Forms Special Committee to Evaluate National Amusements Proposal (CBS)

October 14, 2016 9:01 AM EDT

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The Special Committee of the Board of Directors of Viacom (Nasdaq: VIAB)((Nasdaq: VIA) announced that it has retained financial advisors in connection with the Special Committee’s evaluation of the request by National Amusements that Viacom explore a potential combination with CBS (NYSE: CBS). The financial advisors are Morgan Stanley, Allen & Company and LionTree LLC.

The Special Committee, which is comprised of six independent Viacom board members, previously engaged Debevoise & Plimpton LLP as its independent legal advisor.

The Special Committee does not intend to comment further unless and until it determines that additional disclosure is appropriate.

Sard Verbinnen & Co.

George Sard/Brandy Bergman

(212) 687-8080

Source: Special Committee of the Board of Directors of Viacom Inc.

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