Reuters logo
BRIEF-National Amusements Inc proposes combination of CBS and Viacom
September 29, 2016 / 12:22 PM / a year ago

BRIEF-National Amusements Inc proposes combination of CBS and Viacom

Sept 29 (Reuters) - National Amusements Inc:

* National Amusements, Inc. proposes combination of CBS and Viacom

* National Amusements, Inc - believe that a combination of CBS and Viacom might offer “substantial synergies”

* National Amusements - tentative view is that “optimal structure” would be all-stock deal in which stockholders of each co would get shares in combined co

* National Amusements - none of Sumner Redstone, Shari Redstone or David Andelman will vote on board consideration potential CBS-Viacom merger

* National Amusements - believe any potential CBS-Viacom deal should be result of fair deliberation; any deal would proceed only if approved by each board

* National Amusements is not willing to accept or support any acquisition by a third party of either company

* National Amusements - not willing to accept any deal that would result in National Amusements surrendering controlling position in either CBS or Viacom Source text for Eikon: ;))

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below