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Financial News

 
11/17/17CBS Corporation Completes Split-Off Of CBS Radio
NEW YORK, Nov. 17, 2017 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) today announced the completion of the split-off of CBS Radio Inc., which was merged with a subsidiary of Entercom Communications Corp. (NYSE: ETM) through a "Reverse Morris Trust" transaction. The closing of the merger followed the previously announced expiration of the Company's exchange offer. As a result of the merger, participating CBS stockholders will receive one share of Entercom Class A common stock in exchange... 
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11/17/17CBS Corporation Announces Preliminary Results Of CBS Radio Exchange Offer
NEW YORK, Nov. 17, 2017 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) ("CBS") today announced that its previously announced offer to shareholders to exchange their shares of CBS Class B common stock on a per-share-basis for 5.6796 shares of CBS Radio Inc. ("CBS Radio") common stock expired at 11:59 p.m., New York City time, on November 16, 2017, and based on preliminary results, the exchange offer was oversubscribed. The exchange offer to split-off CBS Radio is part of CBS' agreement to ... 
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11/14/17CBS Corporation Sets Final Exchange Ratio Of 5.6796 For CBS Radio Exchange Offer
NEW YORK, Nov. 14, 2017 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) ("CBS") today announced the final exchange ratio of 5.6796 in connection with its previously announced offer to shareholders to exchange their shares of CBS Class B common stock for shares of CBS Radio Inc. ("CBS Radio") common stock. The exchange offer to split-off CBS Radio is part of CBS' agreement to combine its radio business with Entercom Communications Corp. (NYSE: ETM) ("Entercom"). For each share of CBS Cl... 
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CBS (Class B)
ExchangeNYSE (US Dollar)
Price$55.93
Change (%) Stock is Down 0.81 (1.43%)
As of 11/20/17 4:00 p.m. ET
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