News Formal

Paramount to Receive $167.5M to Settle Shareholder Suit Tied to CBS-Viacom Merger

  • 📰 THR
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The settlement comes a month after the company agree to pay $122.5M in another suit related to the merger.

According to a securities filing Friday, the company will be paid $167.5 million to settle the suit. It is separate from anotherrevealed in March, in which former Viacom shareholders received $122.5 million from the company.

In the latest settlement, the CBS shareholders alleged that the company overpaid for Viacom so that Shari Redstone could consolidate her family’s media empire.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paramount to Pay $167.5M to Settle Shareholder Suit Tied to CBS-Viacom MergerThe settlement comes a month after the company agree to pay $122.5M in a similar suit.
Source: THR - 🏆 411. / 53 Read more »