HALISTER: MORE: CBS Radio Files IPO; Initial Registration $100m

MORE: CBS Radio Files IPO; Initial Registration $100m

(Bloomberg) -- CBS plans to distribute all shares of CBS Radio following lock-up period expiration.
  • CBS intends to effect the separation by means of a tax-free split-off
  • Plans to distribute portion of the net proceeds to CBS; use the remaining net proceeds for general corporate purposes
  • Hasn’t yet picked stock exchange or trading symbol
  • NOTE: July 6, CBS Sees CBS Radio Filing S-1 for IPO in July
Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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CBS US (CBS Corp)

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