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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| CBS Corp | NYSE:CBS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 40.77 | 0 | 01:00:00 |
From May 2019 to May 2024
By Michael Dabaie
Shares of Viacom Inc. (VIA, VIAB) and CBS Corp. (CBS, CBSA) were losing ground in afternoon trading after the companies agreed to merge.
Less-heavily traded Viacom Class A shares were trading down about 8% to $30. More heavily traded Class B shares of Viacom were trading up 0.7% to $28.73, but off of highs earlier in the day.
CBS Class B shares were up 0.7% to $48.36, also off of earlier highs.
CBS and Viacom agreed to combine in an all-stock merger. Each Viacom Class A voting share and Viacom Class B non-voting share will convert into 0.59625 of a Class A voting share and Class B non-voting share of CBS, respectively.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
August 13, 2019 14:54 ET (18:54 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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