Viacom Details Terms of Company’s Split

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Shareholders of Viacom Inc. will get half a share of the new Viacom and half a share of CBS Corp. for each share they currently hold when the media conglomerate splits itself into two companies, the company said Wednesday.


Viacom detailed terms of its plan to split itself into two public companies in a filing with the Securities and Exchange Commission but didn’t give a specific date for when it expects to finish the break-up. New York-based Viacom plans to group its cable and entertainment businesses under the Viacom name and put its broadcasting units under the CBS name. After the split, Viacom shares will trade under the symbols “VIA” and “VIA.B,” and CBS shares will trade under “CBS.A” and “CBS.”


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