HALISTER: National Amusements Proposes Merger of CBS, Viacom

National Amusements Proposes Merger of CBS, Viacom

(Bloomberg) -- National Amusements, owner of majority of CBS and Viacom’s voting stock, asks boards of cos. to consider merger.
  • “None of Sumner M. Redstone, Shari E. Redstone or David R. Andelman will vote as directors on the consideration of this matter by either company’s board, and none will participate in any of the related deliberations”
  • National Amusements will not accept or support any acquisition by third party of either company or any transaction that would result in National Amusements surrendering control
  • NOTE: Yday, Viacom Rises After Reuters Reports Potential CBS Deal Talks, Link
Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CBS US (CBS Corp)
2341170Z US (National Amusements Inc)
VIAB US (Viacom Inc)

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