Search:
   

Monday, December 2, 2019

Equity Corporate Actions Alert #2019 - 272
(UPDATED) Information Regarding the Merger of Viacom Inc (VIA & VIAB) and CBS Corporation

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources:

On August 13, 2019, CBS Corporation (CBS & CBS.A) and Viacom Inc. (VIA & VIAB) announced a merger transaction. The transaction is will become effective today, Wednesday, December 4, 2019 at 4:30 PM ET. As a result of the completion of the merger, Viacom Inc. Class A and Class B Common Stock will be suspended from trading on Nasdaq and CBS Corporation Class A and Class B Common Stock will undergo change to its corporate name, ticker symbols, and CUSIP numbers, and list both securities on the Nasdaq Global Select market.

The suspension details are as follows:

Company Name/Issue: Viacom Inc. Class A Common Stock
CUSIP#: 92553P102
Symbol: VIA
Last Trading Date: December 4, 2019
Marketplace Effective Date for Suspension: December 5, 2019
Merger Consideration: 0.59625 of a share of ViacomCBS Inc Class A Common Stock (VIACA) for each share of Viacom Inc. Class A Common Stock (VIA) held.
Company Name/Issue: Viacom Inc. Class B Common Stock
CUSIP#: 92553P201
Symbol: VIAB
Last Trading Date: December 4, 2019
Marketplace Effective Date for Suspension: December 5, 2019
Merger Consideration: 0.59625 of a share of ViacomCBS Inc Class B Common Stock (VIAC) for each share of Viacom Inc. Class B Common Stock (VIAB) held.

As a result of the effectiveness of the Merger of Equals the combined company will be renamed to ViacomCBS Inc and will list their Class A and Class B Common Stock on the Nasdaq Global Select market. The details are as follows:

Company Name/Issue: ViacomCBS Inc Class A Common Stock
CUSIP: 92556H107
Symbol: VIACA
Marketplace Effective Date: December 5, 2019
Company Name/Issue: ViacomCBS Inc Class B Common Stock
CUSIP: 92556H206
Symbol: VIAC
Marketplace Effective Date: December 5, 2019

If you would like to register as a market maker in VIACA or VIAC, contact Nasdaq Trading Services at +1 212 231 5100.

Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile