UPDATE: Viacom (VIAB), CBS Corp. (CBS) Holder National Amusements to Call on Companies to Merge - Reuters

September 28, 2016 11:19 AM EDT

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(Updated - September 28, 2016 11:22 AM EDT)

Controlling shareholder National Amusements is preparing to call on Viacom (Nasdaq: VIAB) and CBS Corp. (NYSE: CBS) to merge, according to Reuters, citing two people familiar with the matter. NAI may contact the companies this week and ask them to form committees to explore the combination.

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