Viacom hires financial advisers to explore CBS merger
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October 17, 2016 9:33 AM EDT
Wedbush analyst James Dix reiterated an Outperform rating and raised his price target on CBS (NYSE: CBS) to $73.00 (from $65.00), saying one "Les" company in big media should be more for CBS shareholders.
The firm places a 75% probability on a merger, which they... More
October 17, 2016 7:48 AM EDT
Wedbush upgraded Viacom (NASDAQ: VIAB) from Neutral to Outperform with a price target of $46.00 (from $40.00), saying they see a 75% chance of a deal with CBS (NYSE: CBS).
Analyst James Dix commented, "... one Les company in big media... More
October 14, 2016 4:12 PM EDT
CBS Corp. (NYSE: CBS) Said Set to Hire Goldman, JPM as it Explores Viacom (Nasdaq: VIAB) Merger - Bloomberg
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