Monday, December 02, 2019

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

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  • Industry Announcement

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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.



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