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Stock Market & Financial Investment News

News Breaks
July 16, 2014
16:34 EDTCBS, CBSOCBS Outdoor completes separation from CBS and REIT conversion
CBS Outdoor Americas (CBSO) announced its full separation from CBS (CBS) through the completion of an exchange offer by CBS Corporation of its 81% ownership of the company’s common stock, and following an initial public offering of 19% of the company’s common stock on March 28. As a result, the company is no longer a subsidiary of CBS Corporation. On July 17, the company will begin operating as a real estate investment trust and intends to elect and qualify to be taxed as a REIT for the remainder of the fiscal year ending December 31, and for subsequent tax years. The Internal Revenue Service issued a private letter ruling on April 16, 2014 with respect to certain issues relevant to the company’s qualification to be taxed as a REIT. “Achieving our independence and beginning to operate as a REIT are two important steps in our strategic transformation with significant benefits for shareholders,” said Jeremy Male, CEO. “CBS was very supportive as a parent and we thank them for the opportunity to be steering the company independently. Later this year, our rebranding will reposition the company during this exciting time in the out-of-home industry as it continues to evolve and adopt new technologies that add value and relevancy to our media.”
News For CBSO;CBS From The Last 14 Days
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March 5, 2015
08:09 EDTCBSDeutsche Bank hosts an Analyst/Industry Media & Entertainment conference call
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March 4, 2015
19:23 EDTCBSCBS News releases details on tests used to investigate Lumber Liquidators
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06:00 EDTCBSStocks with implied volatility movement; MNKD CBS
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March 3, 2015
13:08 EDTCBSCBS added to Focus List at JPMorgan
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March 2, 2015
12:00 EDTCBSFCC probing Comcast, Time Warner Cable, The Verge says
The FCC is investigating whether Comcast (CMCSA) or Time Warner Cable (TWC) limited or restricted companies' ability to access streaming video services, according to The Verge, which cited an FCC document. Disney (DIS), CBS (CBS), and Viacom (VIA) were among the companies approached by the FCC about the matter, The Verge stated. Reference Link
07:41 EDTCBSMorgan Stanley to hold a conference
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February 27, 2015
06:07 EDTCBSTiVo, RPX buy Aereo assets, WSJ says
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February 25, 2015
07:57 EDTCBSSandell pressures CBS to divest radio stations to Cumulus Media, The Deal says
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