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Stock Market & Financial Investment News

News Breaks
March 17, 2014
08:50 EDTCBSO, CBSCBS 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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April 27, 2015
18:02 EDTCBSFCC Chairman in favor of giving Pandora waiver to buy KXMZ-FM, Bloomberg says
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April 16, 2015
11:05 EDTCBSCBS April calls active amid subject of recent takeover chatter
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