CBS To List Shares Of ViacomCBS On Nasdaq Following Merger

Author: Benzinga Newsdesk | November 22, 2019 05:35pm

CBS Corporation (NYSE:CBS) ("CBS") today announced that it has notified the New York Stock Exchange ("NYSE") that, following the effective time of the merger of Viacom Inc. ("Viacom") with and into CBS (the "merger"), with CBS continuing as the surviving company, CBS will delist its Class A and Class B common stock from the NYSE and will list the Class A and Class B common stock of the combined company, which at the effective time of the merger will be renamed "ViacomCBS Inc." ("ViacomCBS"), including the outstanding shares of CBS Class A and Class B common stock (which will remain outstanding shares of ViacomCBS), on the Nasdaq Global Select Market ("Nasdaq"). Trading of the Class A and Class B common stock of ViacomCBS on Nasdaq under the new ticker symbols "VIACA" and "VIAC," respectively, is expected to commence on the trading day following the effective time of the merger.  Until the merger and subsequent transfer of listing to Nasdaq are complete, the CBS Class A and Class B common stock will continue to trade on the NYSE under the ticker symbols "CBS.A" and "CBS," respectively.  The completion of the merger remains subject to customary closing conditions and is expected to close by early December

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