CBS and Viacom to close merger on Dec. 4

(Reuters) – The all-stock merger of CBS Corp (N:) and Viacom Inc (O:) is expected to close on Dec. 4, the companies said on Monday.

Shares of the combined company, which would be renamed as ViacomCBS Inc, are expected to start trading on Nasdaq from Dec.5 under the new ticker symbols “VIACA” and “VIAC”, the companies said.

Earlier in August, CBS and Viacom agreed to merge, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted their controlling shareholder to reunify the U.S. entertainment companies 13 years after breaking them up.

The two companies are controlled by National Amusements Inc, the holding company owned by billionaire Sumner Redstone and his family.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.