CBS Turns to ‘Nuclear Option’ to Eliminate Redstones’ Voting Control, Block Viacom Merger

Mony
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CBS Corp. has declared war on its controlling shareholder, suing Shari Redstone and her family’s National Amusements Inc. holding company for trying to force CBS to merge with Viacom Inc.

The lawsuit is a move by the media company and its independent directors to reject the suggested merger, prevent Ms. Redstone from retaliating against the board for refusing the deal, and reduce National Amusements’ voting power.

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