April 6, 2018
The Board of Directors of Viacom has formed a Special Committee of Independent Directors to assess National Amusements’ request to explore a potential merger with CBS.
The committee includes independent directors Thomas May and Nicole Seligman as co-chairs and Kenneth Lerer, Judith McHale, Ronald Nelson and Charles Phillips.
National Amusements, which has a controlling stake in both CBS and Viacom, requested both companies explore the idea of a potential merger last week.
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