CBS Corporation (CBS) Receives Anti-Trust Clearance to Acquire CNET Networks
More News related to CBS
- iWidgets Announces Social Syndication of CBS Full Episodes
- CBS and The Kraft Group Open the CBS Scene Restaurant & Bar, a One-of-a-Kind Entertainment and Dining Destination
- CBS Corporation President and Chief Executive Officer Leslie Moonves to Participate in the Goldman Sachs Communacopia XVII Conference
- Bard Ventures Ltd.: Drilling Intersects 0.10%Mo (0.17% MoS2) Over 455 Meters at the Lone Pine Property, B.C.
- Bard Ventures Ltd.: Drilling Intersects 0.10%Mo (0.17% MoS2) Over 455 Meters at the Lone Pine Property, B.C.
More News related to CNET
- Radware Wins China "SP" Magazine 2008 Innovative Product Award
- JANA Partners 13F Shows New Stakes in Genentech (DNA), Sears (SHLD), Washington Mutual (WM); Adds to Positions in AK Steel (AKS), Focus Media (FMCN), Transocean (RIG); Sells Out of Apple (AAPL), Lehma
- CBS Corporation Completes Acquisition of CNET Networks; Merges Operations Into New, Expanded CBS Interactive Business Unit
- CBS Corporation Completes Its Tender Offer for CNET Networks, Inc.
- CBS Corporation Successfully Completes the Initial Offering Period of its Tender Offer and Will Acquire Control of CNET Networks, Inc.; Announces Subsequent Offering Period
More News related to Mergers and Acquisitions
- Matrix USA Rating Changes 9/8
- Raymond James Downgrades CIENA Corp. (CIEN) form to Underperform
- Goldman Sachs Downgrades GlaxoSmithKline (GSK) to Sell
- Goldman Downgrades Shire (SHPGY) to Neutral
- Maxim Downgrades AuthenTec (AUTH) to Hold
CBS Corporation (NYSE: CBS) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with its tender offer to purchase all of the outstanding shares of common stock of CNET Networks, Inc. (Nasdaq: CNET) expired at 11:59 P.M., ET on Monday, June 9, 2008, and that it has obtained clearance for the tender offer from the Federal Cartel Office of Germany.
The tender offer to acquire all of the outstanding shares of CNET Networks, Inc. at a purchase price of $11.50 per share, net to the seller in cash, without interest, is scheduled to expire at 12:00 Midnight, ET, on Friday, June 20, 2008, unless the tender offer is extended. The tender offer and merger are subject to customary closing conditions described in the offer to purchase that was filed by CBS and its wholly-owned subsidiary, Ten Acquisition Corp., with the Securities and Exchange Commission on May 23, 2008.[SM]
Related Categories
Mergers and AcquisitionsStocks Mentioned
+0.61
-0.03Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
