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Article: CBS Announces Pricing of Public Offering by National Amusements of Class B Common Stock.
- Article from:
- PR Newswire
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Oct. 14 /PRNewswire-FirstCall/ -- CBS Corporation today announced the pricing of an underwritten public offering of 26,040,909 shares of the Company's Class B Common Stock sold by NAIRI, Inc. ("NAIRI"), a wholly-owned subsidiary of National Amusements, Inc. and a controlling stockholder of Company, at a public offering price of $12.00 per share.
CBS Corporation is not selling any securities in connection with this offering and will receive no proceeds.
The offering is expected to close on or about October 20, 2009, subject to customary closing conditions. NAIRI has also granted the underwriters a 30-day option to purchase up to an aggregate ...
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