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Viacom (VIA) Affirms Receipt of Letter from Redstone's National Amusements; Expects to Form Special Committee, Review Request

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Go back to Viacom (VIA) Affirms Receipt of Letter from Redstone's National Amusements; Expects to Form Special Committee, Review Request

National Amusements Confirms Proposal to Combine CBS (CBS) and Viacom (VIAB)

September 29, 2016 8:04 AM EDT

National Amusements, Inc., the owner of a majority of CBS (NYSE: CBS) and Viacoms (NASDAQ: VIAB) voting stock, today announced that it has asked the boards of CBS and Viacom to consider a potential combination of the companies. A copy of the text of the letter transmitted today to the respective boards is set forth below.

Members of the Boards:

We believe that a combination of... More