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Stock Market & Financial Investment News

News Breaks
March 17, 2014
08:50 EDTCBS, CBSOCBS Outdoor Americas sees IPO pricing between $26-$28 per share
CBS Outdoor Americas (CBSO), the outdoor advertising subsidiary of CBS Corporation (CBS), announced that it launched a road show for its initial public offering. CBSO is offering 20M shares of its common stock. The IPO price is currently expected to be between $26 and $28 per share. After the IPO, CBS will own approximately 83% of CBSO. CBSO plans to convert into a real estate investment trust later this year, following CBS's divestiture of its shares through a tax-free split-off. Goldman Sachs, BofA Merrill Lynch, J.P. Morgan, and Morgan Stanley are acting as joint book-running managers, and Citigroup, Deutsche Bank, and Wells Fargo are acting as book runners.
News For CBS;CBSO From The Last 14 Days
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March 26, 2015
07:24 EDTCBSWells Fargo to hold a forum
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March 23, 2015
17:12 EDTCBSCBS extends employment agreement with president of CBS News David Rhodes
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March 20, 2015
08:13 EDTCBSCanada to 'unbundle' cable TV offerings by December 2016
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06:36 EDTCBSWeb TV companies ask internet providers for special treatment, WSJ says
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06:17 EDTCBSCBS price target raised to $72 from $60 at Citigroup
Citigroup raised its price target for CBS to $72 and calls the company the stock to own in the space amid changing industry dynamics. Citi sees upside to consensus estimates for 2016 and beyond from CBS's All Access subscriber expansion and Showtime over-the-top offering. It maintains a Buy rating on the name.
March 19, 2015
07:23 EDTCBSEvercore ISI to hold a tour
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March 18, 2015
12:09 EDTCBSSony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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09:23 EDTCBSVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
March 17, 2015
17:19 EDTCBSTime Warner, CBS CEOs discussed possible merger last year, Bloomberg reports
CBS (CBS) CEO Les Moonves and Time Warner (TWX) CEO Jeff Bewkes had discussions about combining their companies in meetings last year, Bloomberg reports, citing three people with knowledge of the matter. Reference Link
15:56 EDTCBSTime Warner, CBS CEOs discussed possible merger last year, Bloomberg reports
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13:06 EDTCBSBattleground: Analysts take opposite sides on Netflix
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11:36 EDTCBSApple may launch standalone TV in 2016, says Piper Jaffray
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March 16, 2015
07:39 EDTCBSViacom shareholder meeting may question Viacom, CBS control, NY Post says
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