News Articles

Infinity Deal Delayed

1/07/2001 07:00:00 PM Eastern

Viacom last Friday delayed closing its $12.9 billion merger with radio group/outdoor advertiser Infinity Broadcasting. Infinity's shareholders-other than Viacom, which already owns 64.3% of Infinity-need to vote on the deal first, the companies said, basing their decision on an unrelated Delaware ruling. In that ruling the judge endorsed the rights of minority shareholders. The deal still is expected in the first quarter.

 

Alert to All Users of the Disqus commenting system:
Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Here's a URL about the issue:
http://engineering.disqus.com/2014/04/10/heartbleed.html

 

April
May