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Stock Market & Financial Investment News

News Breaks
July 10, 2014
08:56 EDTCBS, CBSOCBS announces preliminary results of CBS Outdoor exchange offer
CBS Corporation (CBS) announced that based on preliminary results, its previously announced offer to its shareholders to exchange their shares of CBS Class B common stock for up to 97M shares of CBS Outdoor Americas (CBSO) common stock that are owned by CBS was oversubscribed. The exchange offer expired at 12:00 midnight, New York City time, on July 9. Under the terms of the exchange offer, 2.1689 shares of CBS Outdoor common stock will be exchanged for each share of CBS Class B common stock accepted in the exchange offer. CBS has accepted 44,723,131 of the tendered shares in exchange for 97M shares of CBS Outdoor common stock owned by CBS. CBS expects to announce the final proration factor promptly following the expiration of the guaranteed delivery period, which is expected to occur on July 14.
News For CBS;CBSO From The Last 14 Days
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May 27, 2015
13:22 EDTCBSCBS CEO says hasn't looked at bidding for soccer rights
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13:18 EDTCBSMoonves says 'nobody surprised' by Charter deal for Time Warner Cable
Moonves said he expects Charter's (CHTR) proposed purchase of Time Warner Cable (TWC) will face less regulatory challenge than the proposed Comcast (CMCSA) deal for TWC did. CBS (CBS) CEO Les Moonves is speaking on CNBC.
13:14 EDTCBSCBS CEO says 'not objecting' to Verizon 'skinny bundle' plans
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13:13 EDTCBSCBS CEO says in early talks with Apple on inclusion in Apple TV offering
CBS (CBS) CEO Les Moonves is speaking on CNBC.
13:12 EDTCBSCBS says network will 'probably' sign up for Apple TV service, TechCrunch says
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